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Select the best answer: To assure accountability for fixed asset retirements, management should implement an internal control that includes: a) Continuous analysis of miscellaneous revenue
Select the best answer:
To assure accountability for fixed asset retirements, management should implement an internal control that includes:
a) Continuous analysis of miscellaneous revenue to locate any cash proceeds from the sale of plant assets.
b) Periodic inquiry of plan executives by internal auditors as to whether any plant assets have been retired.
c) Utilization of serially numbered retirement work orders
d) periodic observation of plant assets by the internal auditors
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