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Please explain your answer. Thank you. Learning Objective 3 E7-15 Evaluating internal control over cash payments Gary's Great Cars purchases high-performance auto parts from a
Please explain your answer. Thank you.
Learning Objective 3 E7-15 Evaluating internal control over cash payments Gary's Great Cars purchases high-performance auto parts from a Nebraska vendor. Dave Simon, the accountant for Gary's, verifies receipt of merchandise and then pre- pares, signs, and mails the check to the vendor. Requirements 1. Identify the internal control weakness over cash payments. 2. What could the business do to correct the weaknessStep by Step Solution
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