Which Assertions May Be Tested for the "Account Balances" Category

question 22

Multiple Choice

Which assertions may be tested for the "account balances" category of management assertions?

• A) Existence, accuracy, rights and obligations, completeness.
• B) Existence, rights and obligations, completeness, valuation and allocation.
• C) Occurrence, rights and obligations, completeness, valuation and allocation.
• D) Occurrence, accuracy, rights and obligations, completeness.

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Definitions:

Own Emotions

An individual's personal feelings or affective states.

Fake Expressions

Facial expressions that are deliberately made to convey a particular emotion that is not genuinely felt by the person making the expression.

Real Emotions

Genuine feelings that reflect one's true emotional state, as opposed to feigned or suppressed emotions.

Facial Expressions

The movements of the face that convey emotional states, intentions, or reactions to stimuli.