1) Which of the following is considered a week internal control procedures applicable to cash disbursements at The Lemonade Company.

A) All employees are required to take vacations.

B) The bookkeeper and the treasurer records expense and prepares checks.

C) Only the treasurer is authorized to sign checks.

2) You (the investor!) wonders how the apparel company you invested in - American Eagle Outfitters account for its revenue over unused gift cards. Where would be the area where this information can be found on the Company's Annual Report:

A) balance sheet

B) financial statements footnote

C) management discussion & analysis section