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Indicate whether each of the following items regarding internal control is true or false a) A common control activity is designing procedures to safeguard assets and ensure accounting records contain reliable information b) A common control activity is preventing employees from taking regular vacations because this should not be rotated c) Whenever possible, the functions of authorization recording and custody should be performed by the same dependable employee d) Cash is most susceptible to emberrement at the points of receipt and disbursement b) Even well-designed internal control system cannot prevent clusion by employees On January 1 Year 2. Grande Company had a $71000 balance in the Accounts Receivable account and a $2,900 balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $190,000 recognized service revenue on account. The company collected $227700 cash from accounts receivable. Un collectible accounts are estimated to be 15 of sales on account The amount of uncollectible accounts expense recognized on the Year 2 income statement is Multiple Choice $1,900. $710 $2.277 $1750