Existence is the most relevant assertion associated with an inherent risk for treasury stock transactions recorded in the wrong period.

Name: Existence is the most relevant assertion associated with an inherent risk for treasury stock transactions recorded in the wrong period.
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Question

Quizplus · Accepted Answer

Existence is more relevant to verifying that treasury stock transactions actually occurred, while the assertion most relevant to transactions recorded in the wrong period is completeness or accuracy, not existence.

Existence Is the Most Relevant Assertion Associated with an Inherent