Which of the Following Assertions Is the Primary Assertion That

question 16

Multiple Choice

Which of the following assertions is the primary assertion that is satisfied by physically observing the client's count of inventory?

• A)rights.
• B)valuation.
• C)completeness.
• D)existence.

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Definitions:

Securities Registration Statement

A document filed with the SEC that discloses essential information regarding a company's securities offering.

Shelf Registration

A regulatory provision that allows an issuer to register a new issue of securities without selling the entire issue at once, enabling subsequent sales over a period.

Regulation S-K

A SEC regulation that outlines reporting requirements for various SEC filings used by public companies.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.