1) If the Cash Over and Short account has a credit balance at the end of the period, the amount is commonly reported as miscellaneous revenue Answer 2) Internal control policies and procedures have limitations not including A) Human error. B) Human fraud C) Cost-benefit principle D) Collusion E) Establishing responsibilities Answer: 3) Cash equivalents: A) Are short-term, highly liquid investment assets B) Include 6-month certificates of deposit C) Include checking accounts D) Are recorded in petty cash E) Include money orders