a .com/document/d/1fk3Np0eYB7CY skzwj ZckscoltfT46UB6ww3rmNCYO/edit hapter 7 mat Tools Add-ons Help Accessibility All changes saved in Drive Normal text Ara9B Aeo (1) Safeguarding inventory in a locked warehouse (2) Abuse of alcobol or drugs 3) Gaps in transactions numbens (4) Operating style of management (5) Sudden increase in slow payments a 1 and 2 b. 3 and 5 d. 1 and 3 3 36. To maintain public confidence and trust in the financial reporting of companies is the purpose of a the FASB b. the IRS Sarbanes-Oxley d. GAAP 37 Whar entry is required in the company's accounts to record outstanding checks? a debit Accounts Receivable, credit Cash b debit Cash, credit Accounts Receivable C debie Cesh, credit Accounts Poyeble d no enary is required 38 During a bank reconciliation process outsanding checks and deposits in transit are added to the bank statement belance b. outstanding checks are subtracted and deposits in wansil are added to the bank statement balance C outstanding checks and deposits in ansit are subtractrd froes the hank suseene balance l outstanding checks are added and deposits in transit are subtractrd from the bank siatement balanc 39 A firm's internal control envirenment is nos nflornced by SAMSUNG nt/d/1fk3NpoeYB7CYgskzwj ZckSColtfT46UB6wW3rmNCYO/edit Add-ons Help Accessibility All changes saved in Drive 9 B I 39. A firm's internal control environment is not influenced by a management's operating style b organizational structure c personnel policies d. monitoring policies 40 Minor Company had checks outstanding totaling $19,200 on its April bank recoociliation. In May, Minor Company issued checks sotaling $64,900 The May bank statement shows that $47,600 in checks cleared the bank in May A check from one of Minor Company's cusionmers of $300 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconcililaion should be T a $28,400 $3.6,800 $17,300 d $36,500 SAMSUNO