Question 11 3 pts Cash over and short is: a liability account. an asset'account. an expese account. a revenue account. Either (c) or (d) is correct depending on whether the account has a debit or a credit balance. Question 12 3 pts Internal control of cash requires that cash-handling activities: and related record-keeping activities should be assigned to different individuals. should be performed by a firm's bank exclusively. and related record-keeping activities should be assigned to one individual. and balancing the bank statement should be performed by the same individual None of the above is correct. Question 13 3 pts Which item(s), taken from a bank reconciliation would require an entry in a firm's journal? outstanding checks which have not yet cleared the bank bank service charge one of the firm's checks written for $54 recorded incorrectly by the bank in the firm's bank statement as $45. All of the above require an entry on the company's books. Only (b) and (c) require an entry on the company's books. C Question 14 3 pts In the Indirect Method of the Statement of Cash Flows, the operating activities section begins with: non-cash expenses net income cash outflows cash inflows non-cast inflows