Management assertions are: a) implied or expressed representations about accounts, transactions, and disclosures in the financial statements. b) stated in the footnotes to the financial statements. Oc) explicitly expressed representations about the financial statements.. d) provided to the auditor in the assertions letter, but are not disclosed on the financial statements.

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A: Formulas: Minimum stock price = Face value / Convertible shares

A: A divestiture or divestment is the disposal of the company’s assets or a through sale, exchange,…

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