\"For each of the procedures below, indicate the related transaction assertion. INSTRUCTIONS-Put one assertion next to procedure below. (Assertions can be used more than once, Pick the best assertion.)\" Reviewing inventory to determine whether any inventory is obsolete and needs to be written down. Reviewing accounts recervable agreementsinvoices-contracts to examine whether the chient legally owns the receivables. Select a sample of inventory receiving reports and trace to inventory journal entry of inventory additions in the Purchase Journal Completed a GAAP checklist and read the financial statements for understandability and clarity Sending out a confirmation to test Accounts Receivable. A. Completeness-Cutoff B. Valuation or Accuracy C. Presentation or Disclosure D. Rights or Obligations E. Existence-Occurrence