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Management Assertions: Wtih which mangement assertion does the following situation relate? It is Miller Motor Co.'s first year of operations. They began on February 14th.

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Management Assertions: Wtih which mangement assertion does the following situation relate? It is Miller Motor Co.'s first year of operations. They began on February 14th. MMC reported "sales" of 100 units but their records indicate that they only ordered and received 98 units from the factor) Existence Cutoff Classification Occurrence Completeness - transaction Accuracy Rights and obligations Accuracy, valuation and allocation Question 31 Management Assertions: With which mangement assertion does the following situation relate? Miller Motor Co:s reports inventory of $400,000 consisting of 10 pickup trucks costing $40.000 each Due to high gas prices MMC has recently been selling pickup trucks for $38,750. Occurrence Rights and obligations Accuracy, valuation and allocation Cutott Accuracy Cassification

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