answer all please
Chather Q - Cash; Fitayd, and imerna Cantrgis 369 10. Apple's statement of eash flows in Appendex A describes changes is cash and cash equiva- APPLE lents for the year ended September 26, 2015. What total 12. Defer to Samunung"' balance sheet amount is provided (used) by inveuing activities? Whan amount is provided (used) by financing activities? 11. I1 Refer to Google's financial statements in Appendix A. Identify Google's GOOGLE net earnings (income) for the year esided Decembet, 31, equivalens for the year? Explain the difference betwert no In Appendix A. How does its cant Samsumg (tited "Cash and cash equivalents") compare with its other current assets fin both amoant and percent) as of December 31. 20152 Compare and assess its cast at Decernber 31, 2015, with its cash at December 31, 2014, 13. eth net Identify the eash generated (or used) by operating activitics. if Appestix A reports the change is Sams ung by inverting activities, and by financing activities. contect An internal control system consists of all policies and procedures used to protect assens, ensure reliable OUICK 5T UDY accoanting, promote efficied operations, and urge adherence to company policies. Evaluase each of the following statements and indicate which are true and which are false regarding the objectives of an inter- os a 1 nal control system. 1. Separation of recordikeeping for assets from the custody aver assets is inteaded to redace theft and fraud. 2. The primary objective of internal control procedures is to saffeguard the business against theft from government agencies. 3. The main objective of internal control procedures is best accomplished by designing an operartional system with managerial policies that peotect the assets from waste, frade, and theft. 4. Separating the responsibility for a transaction between two of more individuals of departmeats will not help prevent someone from creating a fictitious ifrvoice and paying the moecy to beryelf or himself. Choose from the following list of termsipharases to best complete the following statements. a. Cash c. Outstanding check -. Bank reconciliation b. Cash equivalents d. Liquidity 1. Current assets internar control objectives 1. The category includes currency and coins along with amounts on deposit in bank accounts, checking accounts, and savings accounts. 2. The term refers to a company's ability to pay for its near-term obligations. 3. The category inclades short-term, highly liquid investmens assets that are readily convertible to a known cash amount and sufficiently close to their due dates so that their market value is not sensitive to interest nate changes. A good system of internal control for cash provides adequate procedures for potecting bech cash receifes as 8-3 F a. A basic guideline for safeguardiag cash is that all castu receipts be deposited weckly ot monthly. F. b. A voucher system of control is a control system exclusively for cash receipts. T. c. A basic guideline for saifeguarding cash is to separate the duties of those who havc custody of cash from those who keep cash records. F. A petty cash system is not a control procedure foe safeguarding cash. 1. The petty cash fund of the Brooks Agency is establiched at $150. At the end of the current period, the a5 8.4 fund contained $28 and had the following roceipts: entertainment, 570; postage, $30; and printing, Petty conh accourt: $22. Prepare journal entries to recoed (a) establishment of the fund and (b) reimhursement of the fund P2 at the end of the current period. 2. Identify the two events from the following that canse a Petty Cash account to be crodined in a journal eaty: a. Fund amount is being reduced. c. Fand is being eliminated. b. Fund amount is being increased. d. Fund is being established. Chather Q - Cash; Fitayd, and imerna Cantrgis 369 10. Apple's statement of eash flows in Appendex A describes changes is cash and cash equiva- APPLE lents for the year ended September 26, 2015. What total 12. Defer to Samunung"' balance sheet amount is provided (used) by inveuing activities? Whan amount is provided (used) by financing activities? 11. I1 Refer to Google's financial statements in Appendix A. Identify Google's GOOGLE net earnings (income) for the year esided Decembet, 31, equivalens for the year? Explain the difference betwert no In Appendix A. How does its cant Samsumg (tited "Cash and cash equivalents") compare with its other current assets fin both amoant and percent) as of December 31. 20152 Compare and assess its cast at Decernber 31, 2015, with its cash at December 31, 2014, 13. eth net Identify the eash generated (or used) by operating activitics. if Appestix A reports the change is Sams ung by inverting activities, and by financing activities. contect An internal control system consists of all policies and procedures used to protect assens, ensure reliable OUICK 5T UDY accoanting, promote efficied operations, and urge adherence to company policies. Evaluase each of the following statements and indicate which are true and which are false regarding the objectives of an inter- os a 1 nal control system. 1. Separation of recordikeeping for assets from the custody aver assets is inteaded to redace theft and fraud. 2. The primary objective of internal control procedures is to saffeguard the business against theft from government agencies. 3. The main objective of internal control procedures is best accomplished by designing an operartional system with managerial policies that peotect the assets from waste, frade, and theft. 4. Separating the responsibility for a transaction between two of more individuals of departmeats will not help prevent someone from creating a fictitious ifrvoice and paying the moecy to beryelf or himself. Choose from the following list of termsipharases to best complete the following statements. a. Cash c. Outstanding check -. Bank reconciliation b. Cash equivalents d. Liquidity 1. Current assets internar control objectives 1. The category includes currency and coins along with amounts on deposit in bank accounts, checking accounts, and savings accounts. 2. The term refers to a company's ability to pay for its near-term obligations. 3. The category inclades short-term, highly liquid investmens assets that are readily convertible to a known cash amount and sufficiently close to their due dates so that their market value is not sensitive to interest nate changes. A good system of internal control for cash provides adequate procedures for potecting bech cash receifes as 8-3 F a. A basic guideline for safeguardiag cash is that all castu receipts be deposited weckly ot monthly. F. b. A voucher system of control is a control system exclusively for cash receipts. T. c. A basic guideline for saifeguarding cash is to separate the duties of those who havc custody of cash from those who keep cash records. F. A petty cash system is not a control procedure foe safeguarding cash. 1. The petty cash fund of the Brooks Agency is establiched at $150. At the end of the current period, the a5 8.4 fund contained $28 and had the following roceipts: entertainment, 570; postage, $30; and printing, Petty conh accourt: $22. Prepare journal entries to recoed (a) establishment of the fund and (b) reimhursement of the fund P2 at the end of the current period. 2. Identify the two events from the following that canse a Petty Cash account to be crodined in a journal eaty: a. Fund amount is being reduced. c. Fand is being eliminated. b. Fund amount is being increased. d. Fund is being established
