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What management assertion is involved

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Reference no: EM132773728

Problem 1. Management claims that the accounts receivable amounts are real, not fictitious. What management assertion is involved?

a. Completeness
b. Existence
c. Rights and Obligations
d. Valuation and Allocation

Problem 2. The following refers to which management assertion: "All sales that were recorded, took place"

a. Completeness
b. Cutoff
c. Occurrence
d. Presentation
e. Rights and obligations

Reference no: EM132773728

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