Which of the Following Are Management Assertions About the Accounts

question 52

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

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Definitions:

Trachea

The windpipe, a tube extending from the larynx towards the lungs, providing the passage of air to the respiratory system.

Larynx

The part of the respiratory tract located in the neck that houses the vocal cords and is involved in breathing, speech, and swallowing.

Conchae

Curved bones in the nasal cavity that help to filter, warm, and moisten the air before it enters the lungs.

Tracheotomy

A surgically made opening in the trachea through which a person will breathe.