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In late December, a retail store received a number of online orders. One sales rep was covering for three different functions because a number of
In late December, a retail store received a number of online orders. One sales rep was covering for three different functions because a number of employees were taking vacation. Bombarded with work, the sales rep packed all the online purchases but forgot to record them in the accounting book. Which financial statement assertion(s) were affected?
Multiple Choice
A. Existence and ownership
B. Existence and completeness
C. Valuation
D. Ownership and completeness
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