Which of the Following Are Management Assertions About the Accounts

question 48

Multiple Choice

Which of the following are management assertions about the accounts in long-term debt and owner's equity process?

• A)existence or occurrence - for classes of transactions
• B)completeness - for classes of transactions
• C)valuation and allocation - for account balances
• D)rights and obligations - for account balances
• E)accuracy - for account balances
• F)both A and B
• G)both B and E
• H)Both C and D

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Definitions:

Moral Intensity

The perceived importance or magnitude of the ethical implications in a given situation or decision, influencing moral judgments and actions.

Distributive Justice

The perceived fairness in the allocation of resources or rewards within a group or organization, impacting individuals' satisfaction and motivation.

Utilitarianism

A moral theory stating that the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Employee Stress

The mental, emotional, or physical strain experienced by workers due to various workplace demands or challenges.