The Typical Assertion Relating to Investments and Related Accounts in a Manufacturing

Multiple Choice

The typical assertion relating to investments and related accounts in a manufacturing company would not include the assertion that:

A) all investments are valued at cost.
B) investment securities are on hand or held in safekeeping by a trustee.
C) investment income has been properly recorded.
D) investments are adequately classified and described in the balance sheet, including disclosures.