The use of a bank maximizes the amount of currency that must be kept on hand and therefore contributes significantly to good internal control over cash. *

True

False

Copyright is the value of all favorable attributes that relate to a business enterprise such as exceptional management, skilled employees, high-quality products, fair pricing policies, and harmonious relations with labor unions. *

True

False

The responsibility for keeping the records for an asset should be separate from the physical custody of that asset. *

True

False

The market interest rate is the contractual interest rate used to determine the amount of cash interest paid by the borrower and is listed in the bond indenture. *

True

False