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ABC Corporation is in dire need of cash, their bankers, CITI Bank, notify them that...

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Question

Accounting

ABC Corporation is in dire need of cash, their bankers, CITI Bank, notify them that the only way for them to borrow cash is by leaving a building owned by ABC as collateral. The management shows this property on their balance sheet as a long term asset. They are violating the following management assertion

Completeness

Existence

None of the above

Occurrence

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