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Which financial statement assertion were affected

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Problem 1: In late December, a retail store received a number of online orders. One sales rep was covering for three different functions because a number of employees were taking vacation. Bombarded with work, the sales rep packed all the online purchases but forgot to record them in the accounting book. Which financial statement assertion(s) were affected?

Multiple Choice

option 1: Existence and completeness

option 2: Valuation

option 3: Existence and ownership

option 4: Ownership and completeness

Reference no: EM132672710

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