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1 Risk asment - higher rook mace safeguard required Mouitering of Controls must contato come accala - Environment - tone at top 3) Which of
1 Risk asment - higher rook mace safeguard required Mouitering of Controls must contato come accala - Environment - tone at "top" 3) Which of the following is an example of exercising internal control over receivables? A) separating cash collection and credit approval duties B) extending credit to all customers who apply for credit C) combining the duties of the credit and accounting departments D) allowing credit department employees to collect cash from customers 4) When a business factors its accounts receivables, the business A) uses the receivables as security for a loan B) no longer has to deal with the collection of the receivables from the customers C) receives the total amount of the receivables from the factor D) receives cash, less an applicable fee, after the factor collects from the customers 2009
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