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  3. Study Set
    Modern Auditing Assurance
  4. Exam
    Exam 5: Overview of the Audit Process
  5. Question
    The Existence or Occurrence Assertion, by Its Nature, Extends Only
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The Existence or Occurrence Assertion, by Its Nature, Extends Only

Question 12

Question 12

True/False

The existence or occurrence assertion, by its nature, extends only to physical assets such as cash and inventory.

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