Reprocessing of Transactions Helps Establish That All Valid Items Have

question 20

Multiple Choice

Reprocessing of transactions helps establish that all valid items have been recorded.Reprocessing tests which of the following assertions?

• A)Occurrence.
• B)Rights.
• C)Existence.
• D)Completeness.

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Definitions:

S-1

A registration statement filed with the U.S. Securities and Exchange Commission used by companies planning on going public to register their securities.

Forms

Various types or categories of documents designed for recording information according to a specific format or structure.

Filing

The process of submitting documents officially to a designated authority or organization, often used in the context of legal, tax, or regulatory documents.

SEC

The Securities and Exchange Commission, a U.S. government agency that oversees the securities markets and protects investors.