Describes completeness assertion most accurately


Problem: Which of the following statements describes completeness assertion most accurately? Group of answer choices The company reported everything in the financial statements that it should have reported The company's financial statements are completely free from material misstatements The company's financial statements report a complete list of the company's accounts and classes of transactions Company has complete ownership over the assets it reports and a complete responsibility to pay the liabilities it reports

 

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Accounting Basics: Describes completeness assertion most accurately
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