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ABC Corporation is in die need of cash, their bankers, CT Bank notify them that the only way for them to borrow cash is by

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ABC Corporation is in die need of cash, their bankers, CT Bank notify them that the only way for them to borrow cash is by leaving a building owned by ABC as collateral. The management shows this property on the balance sheet as a long term asset. They are violating the following management assertion - Multiple Choice None of the above Occurrence Existence Completeness Arequisition document created for internal use for a company is an example of a turnaround document True or False True False Amortization and depreciation are non-routine entries created by the independent auditors - True or False True False Predecessor auditors are obligated to start conversation with the incoming new auditor - True or False True False

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