5.1 Identifying audit assertions LO ; Required For each of the following items, identify the related assertion: - a. Inventory is recorded at the lower of cost and net realizable value. 0 b. All delivery vans recorded in the accounting records are owned by the entity. - c. All payroll-related accruals at year end are recorded. - d. The accounts receivable sub-ledger agrees to the general ledger control account. 0 e. All sales were recorded in the correct period. - f. There is no inventory on consignment. - g. Purchases made after year end were recorded in the prior year. 0 h. There is no impairment of goodwill. 0 i. There are 10 delivery vans in the parking lot. _-_ j_._There are no undisclosed contingent liabilities