Match Each of the Following Controls with the Assertion for Long-Term

question 16

Multiple Choice

Match each of the following controls with the assertion for long-term debt that it supports.
-A subsidiary ledger is maintained that contains information about all the long-term debt and the amount recorded in this ledger is reconciled to the general ledger

• A)Classification
• B)Accuracy, Valuation, and Allocation 
• C)Completeness
• D)Occurrence and Authorization

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Definitions:

Good Cause

A legally valid reason or justification for an action, often pertaining to decisions in employment or legal proceedings.

Sullivan V. Harnisch

A legal case that addressed issues related to securities fraud and broker-dealer standards of conduct, highlighting the aspects of financial regulation and the obligations of financial professionals towards their clients.

Court of Appeals

An appellate court that hears appeals from lower courts, reviewing their decisions to ensure the law was correctly applied and procedures were followed.

First Amendment

An amendment to the U.S. Constitution that safeguards freedoms of speech, religion, press, assembly, and petition.