Which of the Following Assertions Is Described as "This Assertion

question 19

Multiple Choice

Which of the following assertions is described as "this assertion addresses whether all transactions that should be included in the financial statements are in fact included"?

• A) occurrence
• B) completeness
• C) rights and obligations
• D) existence

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Definitions:

Died Testate

A legal term referring to a person who has died leaving a valid will.

Testator

One who makes a valid will.

Maker Of A Will

Person who creates a legal document that outlines how their property should be distributed upon their death.

Perfect Substitutes

Goods or services that can be used in place of each other with no loss of utility to the consumer.