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For each test of transactions and each test of account balances for investments listed below, identify the assertion for which the test provides evidence.
1. Determine whether there has been any permanent impairment in the value of the cost basis of an individual security.
2. Inspect securities if they are maintained by the entity or obtain a confirmation from an independent custodian.
3. Search for purchases of securities by examining transactions for a few days after year-end.
4. Examine brokers' advices for a sample of securities purchased during the year.
Poly(vinyl Chloride)
A synthetic plastic polymer commonly known as PVC, used in a wide range of products due to its durability and flexibility.
Monomer Structure
The basic building block of a polymer, representing the simplest repeat unit that forms a larger chain through polymerization.
Polymer
Large molecules made up of repeating structural units known as monomers, used in a wide range of materials including plastics, textiles, and natural substances.
Monomer Unit
A small molecule that can bind chemically to other monomers to form a polymer, serving as the basic building block of polymers.
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