(b) This table notes various assertions about account balances. State one key assertion for each of these transactions and events. (3 marks)

	Transaction or event	Key Assertion
i.	Assets, liabilities, and equity interests exist.
ii.	Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts, and any resulting valuation adjustments are appropriately recorded.
iii.	The entity holds or controls the rights to assets, and liabilities are the obligations of the entity.