The sole shareholder of Jade Company had a contractor pave the parking lot at the company building,

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The sole shareholder of Jade Company had a contractor pave the parking lot at the company building, and also pave the driveway of his home. Both paving jobs were billed to the company on a single invoice. The assertion affected by this activity is

a. Accuracy.

b. Valuation.

c. Completeness.

d. Ownership/rights and obligations.

e. Existence/occurrence.

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Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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