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1.An example of an internal control in the acquisition of goods is to ensure that all purchases are authorized.( True/ False)
2. Presentation and disclosure are not considered as management assertions relevant to cash. (True/False)
3.Recording all debt obligations and stock dividends satisfies to completeness assertion for debt. (True/False)
4.A debt amortization schedule prepared for each debt and equity is considered a good control. (True/ False)
5.Treasury stock transactions recorded in the wrong period impacts the existence assertion. (True/ False)
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