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Question 13: Determine which management assertion the control is designed to enhance: Using the freight terms...

Question 13: Determine which management assertion the control is designed to enhance: Using the freight terms on the bill of lading to determine when ownership of the goods transfers. Cut Off Classification Accuracy Completeness Occurrence

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Answer #1

Using the freight terms on the bill of lading to determine when ownership of the goods transfers is the Occurrence assertion for management. Occurrence assertion means the assertion by management to claim that particular transaction occurred. Freight terms is the evidence available to determine Occurrence of transaction.

Therefore, the correct answer is OCCURRENCE.

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