Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 29, 2024

47 Which of the following is not a principle of internal control? Multiple Choice Apply technological controls. Maintaining security by having one person track

47 Which of the following is not a principle of internal control? Multiple Choice Apply technological controls. Maintaining security by having one person track and record assets. Perform regular and independent reviews. Separate recordkeeping from custody of assets. Divide responsibilities for related transactions. Help

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Texts and Cases

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

13th edition

1259097129, 978-0073379593, 007337959X, 978-1259097126

More Books

Students also viewed these Accounting questions

Question

★★★★★

Jacks Tracks sells 24,000 custom-designed GoKarts per year. These GoKarts are sold evenly throughout the year. The manufacturer charges Jack a $50 processing cost per order, and Jack incurs a...

Answered: 1 week ago

Question

★★★★★

During its first year of operations, Master Plumbing Supply Co. had net sales of $3,500,000, wrote off $50,000 of accounts as uncollectible using the direct write-off method, and reported net income...

Answered: 1 week ago

Question

★★★★★

Read the article "A Big Battle Over Little Golf Balls" Find and explain three concepts that you feel would apply to this case. I would focus on the legal and ethics issues faced by both parties.

Answered: 1 week ago

Question

★★★★★

2. Periodically, have a homework hotline for call-in questions and suggestions.

Answered: 1 week ago

Question

★★★★★

On January 1, 2016, the following information was drawn from the accounting records of Carter Company: cash of $800; land of $3,500; notes payable of $600; and common stock of $1,000. Required a....

Answered: 1 week ago

Question

★★★★★

Ronald Roth started his new job as controller with Aerosystems today. Carole, the employee benefits clerk, gave Ronald a packet that contains information on the company's health insurance options....

Answered: 1 week ago

Question

★★★★★

Omni Enterprises is considering whether to borrow funds and purchase an asset or to lease the asset under an operating lease arrangement. If it purchases the asset, the cost will be $48,000. It can...

Answered: 1 week ago

Question

★★★★★

Answer the following grade 12 physics questions.1. An archer shoots an arrow at 120 m/s at an angle of 45.0 above the horizontal. Which statement is correct?- The magnitude of the vertical component...

Answered: 1 week ago

Question

★★★★★

A horizontal beam of length L is supported at each end (x = 0 and x = L), as shown below. Suppose an external vertical force F is applied to the beam at location a, where a is measured from the left...

Answered: 1 week ago

Question

★★★★★

2. Select a major decision of a company/organization you have worked for (e.g., new process, new product, new facility, etc) or research a major private decision (e.g., Deep Water Horizon, iPhone,...

Answered: 1 week ago

Question

★★★★★

Q21 (EC). 16.10. A test for extrasensory perception (ESP) involves asking a person to tell which of 5 shapes-a circle, star, triangle, diamond, or heart-appears on a hidden com- puter screen. On each...

Answered: 1 week ago

Question

★★★★★

Comprehensive Problem Hersheys Big Bang ERP Halloween is the biggest candy season of them all, with $1.8 billion in sales. For Hersheys, Halloween 1999 was the scariest of all time. Hersheys had...

Answered: 1 week ago

Question

★★★★★

Briefly describe the four stages of the auditor dispute process. For what types of actions are auditors liable to a client under common law? Why would the client prefer to sue the auditor for a tort...

Answered: 1 week ago

Question

★★★★★

A condenser (heat exchanger) brings 1 kg/s water flow at 10 kPa quality 95% to saturated liquid at 10 kPa, as shown in Fig. P4.91. The cooling is done by lake water at 20C that returns to the lake at...

Answered: 1 week ago

Question

★★★★★

1 Check what you have found, preferably combining it with that prepared by other people on your course. Does the evidence support the advantages, or the disadvantages, of bureaucracy?

Answered: 1 week ago

Question

★★★★★

1 As a customer of an organisation, how have rules and regulations affected your experience?

Answered: 1 week ago

Question

★★★★★

1 Which of the practices that Robert Owen used took account of workers social needs?

Answered: 1 week ago

Previous Question Next Question