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Segregation of duties means that within an entire function (such as the accounts payable process), multiple employees should be assigned to the various steps within
Segregation of duties means that within an entire function (such as the accounts payable process), multiple employees should be assigned to the various steps within that function, O Accounting Department employees should be responsible for specific tasks, and the Internal Audit Department should be responsible for the periodic revi accounting department records and policies. employees should be required to clock in and out and the beginning and end of each workday, every task should have only one employee assigned to it, with one additional employee cross-trained on that task Selected accounts from the balance sheet of the Local Beach Brewery are below 12/31/21 12/31/20 Accounts $36,000 $20,000 Receivable Inventory $54,000 $36.000 Prepaid Expenses $13,000 $18,000 Accounts Payable $34,000 $14,000 "n addition, Local Beach had net income of $48.000 and depreciation expense of $8,000. Using the Indirect method, what are the cash flows provided by courting its during 2021? $39,000 $56,000 $53,000 $55,000
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