please solve it
Choose the one alternative that best completes the statement or answers the question. Each carries '2' marks. 16) A cash budget does all of the following EXCEPT: A) controls operations. B) determines if the company will need to borrow money. C) helps coordinate business activities. D) helps a company manage cash by planning receipts and payments. 17) Hints of where fraud, mistakes or financial harm can occur in a company is called: A) control procedures. C) the control environment. 18) If a bank statement included a bank collection and related interest revenue, the journal entry to record this reconciling item should include a: A) debit to Note Receivable. C) debit to Cash. B) the tone at the top. D) risk assessment. A) $10,060 C) $8,900 19) The ending bank statement balance for November is $9,845. The bank statement shows a service charge of $95, electronic funds receipts of $500, and a NSF check for $350. Deposits in transit total $2,050 and outstanding checks are $1,835. What is the adjusted bank balance? B) $13,730 D) $10,115 B) debit to Note Payable. D) credit to Cash. 20) An entity is authorized to sell 60,000 shares of $11 par, 6% cumulative preferred stock and 110,000 shares of $7 par common stock. There are 30,000 shares of preferred stock outstanding and 90,000 shares of common stock outstanding. A $50,000 cash dividend has been declared by the board of directors. No dividends in arrears exist. What is the total amount to be given to the preferred shareholder? Choose the one alternative that best completes the statement or answers the question. Each carries '2' marks. 16) A cash budget does all of the following EXCEPT: A) controls operations. B) determines if the company will need to borrow money. C) helps coordinate business activities. D) helps a company manage cash by planning receipts and payments. 17) Hints of where fraud, mistakes or financial harm can occur in a company is called: A) control procedures. C) the control environment. 18) If a bank statement included a bank collection and related interest revenue, the journal entry to record this reconciling item should include a: A) debit to Note Receivable. C) debit to Cash. B) the tone at the top. D) risk assessment. A) $10,060 C) $8,900 19) The ending bank statement balance for November is $9,845. The bank statement shows a service charge of $95, electronic funds receipts of $500, and a NSF check for $350. Deposits in transit total $2,050 and outstanding checks are $1,835. What is the adjusted bank balance? B) $13,730 D) $10,115 B) debit to Note Payable. D) credit to Cash. 20) An entity is authorized to sell 60,000 shares of $11 par, 6% cumulative preferred stock and 110,000 shares of $7 par common stock. There are 30,000 shares of preferred stock outstanding and 90,000 shares of common stock outstanding. A $50,000 cash dividend has been declared by the board of directors. No dividends in arrears exist. What is the total amount to be given to the preferred shareholder
