Which of the Following Statements Is True About the Completeness

Multiple Choice

Which of the following statements is true about the completeness and occurrence assertions?

A) Both assertions are relevant to classes of transactions and events and account balances.
B) If management asserts that recorded sales transactions represent exchanges of goods or services that actually took place, they are asserting to completeness.
C) Violations of the occurrence assertion relate to account overstatements.
D) The failure to record a sale that did occur is a violation of the occurrence assertion.