A Moving to another question will save this response. Question 2 Which of the following is not a limitation of internal control? O Cost of establishing control procedures should not exceed their benefit. The human element. O Collusion. O The size of the company. Question 1 Expenses paid in cash before they are used or consumed. Accrued Revenue. Accrued Expense. Prepaid expense. O Unearned Revenue. Question Completion Status: L Moving to another question will save this response. Question 3 Please find the current ratio from the information below Current assets 54,000 Total assets 240,000 Current liabilities 22,000 Total liabilities 72,000 Net income 90,000 0 2.45 O 30 none of them Question 4 Revenues for services performed but not yet received in cash or recorded Accrued Revenue. O Accrued Expense. O Prepaid expense. Unearned Revenue. uestion 5 In preparing its bank reconciliation for the month of April 2015, Henke, Inc. has available the following information Balance per bank statement, 4/30/15 39,140 NSF check returned with 4/30/15 bank statement 450 Deposits in transit, 4/30/15 5,000 Outstanding checks, 4/30/15 5,200 Bank service charges for April 20 What should be the correct balance of cash at April 30, 2015? 38,940 O 39,370 38,490 38,470 Cuestion will save this response. A Moving to another question will save this respon Question 6 Current assets contain all accounts except: O Cash Supplies Prepaid insurance Equipment A Moving to another question will save this response. EN A Moving to another question will save this response. Question 7 Investments of assets into the business by the stockholders. Common stock Retained earnings Current assets Current liabilities A Moving to another question will save this response