Confirmations of Accounts Receivable Provide Evidence Primarily About Which Two

question 58

Multiple Choice

Confirmations of accounts receivable provide evidence primarily about which two assertions?

• A) Completeness and valuation.
• B) Valuation and rights and obligations.
• C) Existence and rights and obligations.
• D) Existence and completeness.

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Definitions:

Legitimate

Conforming to established laws, rules, or standards, often carrying the implication of being justified or official.

Coercive

Relating to or using force or threats to persuade someone to do something or to achieve compliance.

Process

A sequence of measures or procedures executed to accomplish a specific goal.

Information

Data that is accurate and timely, specific and organized for a purpose, presented within a context that gives it meaning and relevance.