Problem 3 You have completed your substantive procedures on the Nguyen Company audit and have identified the following issues related to Nguyen's inventory. Which of the six combined financial statement assertions presented in the text will be impacted by each of the issues? An assertion can be used more than once or not at all. a. The selling price of a number of the company's products has declined significantly, so that some are priced below cost. b. A number of the items counted in the ending inventory were on consignment from another company. c. Certain items that had been shipped near year end (FOB destination) and were in transit to the customer were not included in the count of ending inventory. d. While you observed the physical inventory count, you noticed that several items included in inventory were damaged. e. Three different warehouses were visited during the inventory count. Your audit team is concerned that some items of inventory might be stored at an additional site that was not disclosed to you