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The occurrence assertion is being tested when the auditor vouches stock repurchases to the canceled stock certificates.
Equally Likely
A term used in probability to describe events that have the same chance of occurring.
Probability
A numerical value representing the chance of an event's occurrence, between 0 and 1, where 0 stands for impossible and 1 for certain.
Ace of Spades
A specific playing card in a deck, often considered the highest card in the suit of spades and sometimes associated with special significance.
Total Count
The complete number of items or entities in a given set or group.
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