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For a corporation that does not utilize the services of an independent registrar and stock transfer agent, which of the following represents a weakness in

For a corporation that does not utilize the services of an independent registrar and stock transfer agent, which of the following represents a weakness in internal control over stock issuance?

Multiple Choice

  • Stock certificates require the signature of two officers.

  • Stock certificates are signed immediately upon receipt from the printer.

  • Stock certificates are prenumbered.

  • Stock certificates are in the exclusive custody of a responsible officer.

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