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The following situations describe two cash payment situations and two cash receipt situations. In each pair, one set of internal controls is better than the
The following situations describe two cash payment situations and two cash receipt situations. In each pair, one set
of internal controls is better than the other.
i Click the icon to view the situations.
Requirement
Evaluate the internal controls in each situation as strong or weak, and give the reason for your answer.
Cash payments:
a Stone & Grain, Inc. has
internal controls. There is
b Tony McGraw Construction has
internal controls. There is
Cash receipts:
a Wright Orthopedic Clinic has
internal controls. There is
b Cristy Auto Parts has
internal controls. There is
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