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Name the typical specific assertions for investment account balances and provide the related general assertions. a. Investment securities are on hand or are held in

Name the typical specific assertions for investment account balances and provide the related general assertions.

a. Investment securities are on hand or are held in safekeeping by a trustee.

b. Investment cost does not exceed market value.

c. Investment income has been received and recorded.

d. Investments are adequately classified and described in the balance sheet.

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