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Control Risks What are some typical controls that affect multiple assertions for long-lived assets?
Emancipated
Refers to a minor who has been legally granted adult status and freedoms, typically through a court process.
Intoxication
A physical and mental state of being impaired due to the consumption of alcohol, drugs, or other substances.
Disaffirm
To reject or deny the validity of; often used in legal contexts where a party may disaffirm a contract.
Ratified
The process in which an agreement, treaty, or contract has been officially confirmed or sanctioned, making it legally binding.
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