asked 154k views
0 votes
Which assertion relates to the following statement? "Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts

1 Answer

5 votes

Answer: Valuation

Step-by-step explanation:

The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.

According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances

answered
User Hesam Faridmehr
by
8.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.