MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the 1) Which of the following statements accurately describes a fidelity bond? 1) uestion. ce following A) Procedures to provide reasonable assurance that the objectives of a company are accomplished. B) Guidelines or policies that limit the actions of different levels of management C) Proper procedures for processing transactions. D) Insurance that the company buys to protect itself from loss due to employee dishonesty 2) Which of the following is an internal control procedure used to safeguard a company's assets? 2) A) Segregation of duties B) Depositing cash receipts in a bank on a timely basis C) Preparing a bank reconciliation D) All of these answer choices are correct 3) The April 30 bank statement for Trimble Corporation shows an ending balance of $34,351. The unadjusted cash account balance was $28250. The accountant for Trimble gathered the following information: There was a deposit in transit for $4,240. The bank statement reports a service charge of $39 A credit memo included in the bank statement shows interest earned of $95. Outstanding checks totaled $10,935. The bank statement included a $650 NSF check deposited in April. What is the true cash balance as of April 30?3) A) $27,006 B) $31,801 C) $27,656 D) $31,896 4) How is a customer's NSF check reflected on a bank reconciliation?4) A) Added to the unadjusted bank balance to get the true cash balance B) Subtracted from the unadjusted bank balance to get the true cash balance C) Subtracted from the unadjusted book balance to get the true cash balance D) Added to the unadjusted book balance to get the true cash balance 5) In the reconciliation of the June bank statement, a deposit made on June 30 did not appear on the June bank statement. How is this deposit in transit shown on the bank reconciliation? 5) A) Subtracted from the unadjusted bank balance. B) Added to the unadjusted bank balance. C) Subtracted from the unadjusted book balance. )Added to the unadjusted book balance