Requirements b. and c. For each assertion, indicate whether it is an assertion about classes of transactions and events or an assertion about account balance. Then, indicate the name of the assertion made by management. (Hint: See GARD) Begin with the management assertions for a through t. Category of Management Management Assertion Assertion Name of Assertion a Recorded accounts receivable exist Account balances Existence Disclosures related to sales are relevant and understandable. Recorded sales transactions have occurred. Classes of transactions and events Occurrence There are no liens or other restrictions on d accounts receivable Account balances Rights and obligations All sales transactions have been recorded. Classes of transactions and events Completeness Receivables are appropriately classified as to trade and other receivables in the financial Classes of transactions and events Classification statements and are clearly described b C Requirements b. and c. For each assertion, indicate whether it is an assertion about classes of transactions and events or an assertion about account balance. Then, indicate the name of the assertion made by management. (Hint: See GARD) Begin with the management assertions for a through t. Category of Management Management Assertion Assertion Name of Assertion a Recorded accounts receivable exist Account balances Existence Disclosures related to sales are relevant and understandable. Recorded sales transactions have occurred. Classes of transactions and events Occurrence There are no liens or other restrictions on d accounts receivable Account balances Rights and obligations All sales transactions have been recorded. Classes of transactions and events Completeness Receivables are appropriately classified as to trade and other receivables in the financial Classes of transactions and events Classification statements and are clearly described b C