How should you decide what to divide the market based on?

When auditing merchandise inventory at year-end, the auditor performs audit procedures to obtain evidence that no goods held on consignment are included in the client's ending inventory balance. This audit procedure provides assurance about which management assertion?

A. Completeness. B. Existence. C. Valuation and allocation. D. Rights and obligations. E. Occurrence.

When a company receives a dividend payment on available-for-sale investments, the ________

A) total assets will remain unaffected B) long-term assets will decrease C) total equity will increase D) total liabilities will decrease