5) Internal controls over cheques include all of the following except a) use prenumbered cheques b) different individuals approve invoices and sign cheques c) only designated personnel are authorised to sign cheques d) keep a supply of cheques in an easily accessible location for all personnel 6) All of the following would involve a debit memorandum on a bank statement except a) a bank service charge. b) a NSF cheque c) the cost of printing cheques d) interest eamed. 7) Under the allowance method, estimated uncollectible receivables are credited to; a) bad debts expense. b) accounts receivable c) allowance for doubtful accounts. d) uncollectible accounts expense 8) For an interest-bearing note with accrued interest, the amount due at maturity is the a) face value b) face value plus unpaid interest c) unpaid interest. d) net realizable value. 9) Costs that benefit only the current period are called, a) operating expenditures b) capital expenditures c) long-lived assets d) property, plant, and equipment 10) Impairments occur when, a) an asset's recoverable amount falls below its carrying amount. b) the recoverable amount falls but increases in future years. c) there is a permanent increase in the recoverable value of the asset. d) the asset increases in value