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Assignment IX Match the following assertions with their meanings below. AWN- Existence or Occurrence Completeness Cutoff Classification Ownership, Rights, and Obligations Valuation and Allocation TASK

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Assignment IX Match the following assertions with their meanings below. AWN- Existence or Occurrence Completeness Cutoff Classification Ownership, Rights, and Obligations Valuation and Allocation TASK (a) _ Amounts in the financial statements reflect reasonable estimates. Transactions are posted properly and balances are shown in the correct accounts Recorded transactions and account balances are valid. The financial statements reflect numbers that are correctly calculated. All transactions and account balances have been included in the financial records. All assets and liabilities shown in the financial statements actually belong to the company All transactions are recorded in the proper time period

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