1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MAXImum [283]
4 years ago
12

Assertions about account balances at year-end typically include _______.A. existence, completeness, and allocationB. existence,

completeness, and rights and obligationsC. existence, occurrence, and cutoffD. accuracy, valuation, and occurrence
Business
1 answer:
Ksenya-84 [330]4 years ago
7 0

Answer:

The correct answer is letter "B": existence, completeness, and rights and obligations.

Explanation:

Assertions are management claims about certain matters regarding a company. Those claims are raised as a result of <em>auditing</em> the firm's financial statements. There are three (3) types of assertions which are:

  • Transaction-level assertions: <em>accuracy, classification, completeness, cutoff, and occurrence. </em>
  • Account balance assertions: <em>completeness, existence, rights and obligations, and valuation. </em>
  • Presentation and disclosure assertions: <em>accuracy, completeness, occurrence, rights and obligations, and understandability.</em>
You might be interested in
Under the basic dwelling form, when is damage caused by vandalism included as covered peril?
finlep [7]

Under the basic dwelling form, when is damage caused by vandalism included as covered peril when a premium for extended coverage is mentioned in the declaration.

<h3>What is dwelling policy ?</h3>

A dwelling policy is a substitute to a homeowners insurance. Dwelling insurance can cover more than just fire only. It is the part of homeowners insurance policy that helps pay for the rebuilding, repair of physical structure of one's home if the damage is by covered hazard. But Dwelling policy isn't for all, so it can be beneficial for: Vacation homes, Vacant homes, Rental properties, Older homes, and Seasonal homes.  

The damage caused by vandalism is covered under the basic DP-1 form when a Premium for Extended Coverage is mentioned in the Declarations. perils such as Vandalism, Hail or Windstorm, Explosion, Riots, Smoke, Vehicles, and Volcanic Eruption can be included.

Therefore Under the basic dwelling form, Damage caused by vandalism included as covered peril when a premium for extended coverage is mentioned in the declaration.

Learn more about Dwelling policy here:

brainly.com/question/14319237

#SPJ1

7 0
2 years ago
Five-hundred factory workers of a leather treatment plant received an upgrade in classification and in pay. however, this did no
Nadya [2.5K]
I think this would be a union grievance, sorry if i'm wrong. 
3 0
3 years ago
Read 2 more answers
What are some of Meghann Ackerman's favorite parts of her job?
mrs_skeptik [129]

Answer:

Refer below.

Explanation:

Favorite parts are:

The customers (funders) and clients (singular philanthropic staff) are extraordinary to work with. I can be open about being an individual of confidence when suitable. The assortment of my assignments every day.

7 0
4 years ago
Read 2 more answers
Correct the single error in each of the following sentence. A week later, you browses through the trend reports​
Sergio [31]

Answer:

A week later, you browse through the trend reports.

6 0
3 years ago
A birthday party at the skating rink costs $ 60 to reserve a party area and $ 2. 50 per guest for skating and skate rental. How
frez [133]
<h2>Cost:</h2>

Costs are the expenses incurred by a company or an individual in<u> order to</u> produce goods and deliver services or buy products.

<h3>The computation:</h3>


\text{The cost} = 60 + (2.50 × 15)

\text{The cost} = 97.5 \text{ dollars}

Therefore, the birthday party will cost $97.5 if 15 guests are<u> invited.</u>

<u />

For more information regarding the sums, refer below:

brainly.com/question/14107176

3 0
3 years ago
Read 2 more answers
Other questions:
  • Ignacio owns a small business that employs 12 full-time workers. He has recently been told by his financial advisor that he woul
    15·1 answer
  • The price elasticity of supply is equal to the change in quantity supplied divided by the change in price. the value of the slop
    12·1 answer
  • P&amp;g hired counselors to educate and ultimately sell tampons to women. in doing so, what kind of communications strategy was
    14·1 answer
  • Which of the following is NOT considered to be one of the three primary functions that all organizations​ perform? A. research a
    9·1 answer
  • A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate is g = 4.0%.
    11·1 answer
  • Maxine knows the students will be disappointed that her textbook is out of stock, but she needs to get them information about th
    9·1 answer
  • In making a decision to go back to school to complete a degree, an employee should consider first?
    8·2 answers
  • Suppose the economy is currently in short run macroeconomic equilibrium, with actual GDP bigger than potential GDP.
    14·1 answer
  • If you were running a business, would you rather have a sole proprietorship or a partnership? Why?
    12·2 answers
  • Compare and contrast the three categories of project resource.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!