6. Match each of the descriptions presented with its assertion category. (Accuracy, Existence and Occurrence, Classification for presentation and disclosure, Valuation, Cut-off, Understandability, Accessibility, and Completeness)

A. No transactions were omitted from the records

B. Only valid transactions were recorded

C. Transactions were recognized in the proper period

D. Transactions were recorded with proper descriptions in the proper accounts

E. The applicable principles were applied to record the proper amounts

F. Transactions were recorded in sufficient detail

G. Data was transformed and processed in a mathematically correct manner

H. Information is communicated when decision makers need it

12. Match the following descriptions with the applicable transaction cycle. (Revenue Cycle, Human Resource and Payroll Cycle, Expenditure Cycle, and Production Cycle)

A. Processes to obtain customer orders, process orders and ship goods, invoice customers, and collect cash from customers

B. Processes to requisition assets, purchase goods, receive goods, process vendor invoices, and pay bills

C. Processes to obtain production orders, schedule production runs, obtain materials, labor, and overhead required, produce goods, and determine their costs, and transfer goods to warehouse

D. Processes to hire, promote, and terminate employees, accumulate payroll data, pay employees, pay payroll-related taxes, and meet reporting requirements