Name the typical specific assertions for investment account balances and provide the related general assertions....
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Accounting
Name the typical specific assertions for investment account balances and provide the related general assertions.
a. Investment securities are on hand or are held in safekeeping by a trustee.
b. Investment cost does not exceed market value.
c. Investment income has been received and recorded.
d. Investments are adequately classified and described in the balance sheet.
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