Which Assertions May Be Tested for the "Transactions and Events

question 87

Multiple Choice

Which assertions may be tested for the "transactions and events" category of management assertions?

• A)Existence, completeness, rights and obligations, accuracy, cutoff, classification, and presentation.
• B)Occurrence, completeness, rights and obligations, accuracy, cutoff, and classification.
• C)Occurrence, completeness, authorization, accuracy, cutoff, classification, and presentation.
• D)Existence, rights and obligations, accuracy, authorization, and completeness.

---

Definitions:

Cognitive Psychologists

Professionals who study mental processes including how people think, perceive, remember, and learn.

Short-Term Memory

A limited-capacity memory system capable of briefly storing information for a short period before it is forgotten or transferred to long-term memory.

Short-Term Memory

The part of the memory system that temporarily holds a limited amount of information for a brief period.