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If pay periods do not align well with month-end, quarter-end, or year-end, which of the following...

If pay periods do not align well with month-end, quarter-end, or year-end, which of the following key assertions is most at risk of misstatement?

I. Accuracy

J. Cutoff

K. Completeness

L. None of the answer choices is correct.
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Answer #1
Cutoff assertions is most at risk of misstatement
Cutoff assertion requires that all transactions must be recorded in the correct accounting period.
When pay periods do not align well with month-end, quarter-end, or year-end, proper adjusting entries must be made to accrue payroll which has been earned but not yet paid
Cutoff is correct option
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