Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 13, 2024

Which internal control procedure is followed when the work of one department acts as a check on the work of another? a.Proper authorizations b.Safeguarding assets

Which internal control procedure is followed when the work of one department acts as a check on the work of another?

a.Proper authorizations

b.Safeguarding assets and records

c.Segregation of duties

d.Independent verification

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Environmental Reporting The Western Approach To Nature

Authors: Leanne J Morrison

1st Edition

0367785455, 9780367785451

More Books

Students also viewed these Accounting questions

Question

★★★★★

On February 20, 2011, Tom (an executive of Hawk Corporation) purchased 100 shares of Hawk stock (selling at $20 a share) for $10. A condition of the transaction was that Tom must resell the stock to...

Answered: 1 week ago

Question

★★★★★

A 15-year loan requires monthly payments of $587.33 including interest at 7.4% compounded monthly. What is the balance on the loan after half of the payments have been made? Select one: O a. 48217.45...

Answered: 1 week ago

Question

★★★★★

Describe the Cold War historical foundations of enhanced interrogation techniques.

Answered: 1 week ago

Question

★★★★★

Black, Brown, and Red Corporations are considering a corporate restructuring that would allow them to file Federal income tax returns on a consolidated basis. Black holds significant NOL...

Answered: 1 week ago

Question

★★★★★

Parker \& Washington, Inc. borrows $150,000 on January 1, 2021. They must pay back the loan, with 8% interest, on January 1,2022 . P\&W closes its books to prepare financial reports quarterly on...

Answered: 1 week ago

Question

★★★★★

There is only one correct answer to this question. Which of the 4 is correct? A new accountant working for Swifty Corporation records $610 Depreciation Expense on store equipment as follows: Dr. Cr....

Answered: 1 week ago

Question

★★★★★

A high-paying job that you rally want. Include sufficient detail to demonstrate you have a solid understanding of the concepts and you can explain your thinking very well. What factors should you...

Answered: 1 week ago

Question

★★★★★

7) The matrix below contains data about an unbalanced transportation problem. To solve this problem, you would have to create a Dummy _____. Unit Cost From/To Destination #1 Destination #2...

Answered: 1 week ago

Question

★★★★★

1 . Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to five separate activity pools....

Answered: 1 week ago

Question

★★★★★

What is the total absolute force felt on the top of the plug at the bottom of the tank show below? h 1 = 1 0 cm h 2 = 4 5 cm h 3 = 2 7 cm SGwater = 1 SGoil = 0 . 7 9 SGglycerin = 1 . 2 6 A plug = 4 x...

Answered: 1 week ago

Question

★★★★★

The Salty Mfg. Co. operates three producing departments, A, B and C. It uses the weighted average costing method. The following data are on the production of Department B for October, 2021: Added in...

Answered: 1 week ago

Question

★★★★★

=+1. How will you measure awareness objectives?

Answered: 1 week ago

Question

★★★★★

=+2. How will you measure acceptance objectives?

Answered: 1 week ago

Question

★★★★★

What distinguishes craft and industrial unions from each other?

Answered: 1 week ago

Previous Question Next Question