FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is not a principle of internal control? Multiple Choice Divide responsibilities for related transactions. Apply technological controls. Separate recordkeeping from custody

image text in transcribed

Which of the following is not a principle of internal control? Multiple Choice Divide responsibilities for related transactions. Apply technological controls. Separate recordkeeping from custody of assets. Maintaining security by having one person track and record assets. Perform regular and independent reviews

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Advanced Accounting

Advanced Accounting

Authors: Susan Hamlen

5th Edition

1618534246, 9781618534248

More Books

Students also viewed these Accounting questions

Question

★★★★★
Suppose your instructor randomly surveyed his or her performance (i.e., students "graded" the teacher) this semester, the frequency of ratings is as follows: A: 10 B: 6 C: 6 D: 3 F: 2 Please...

Answered: 1 week ago

Question

★★★★★
Refer to Figure 17-9. Explain why area D is a dead-weight loss. What about area F?

Answered: 1 week ago

Question

★★★★★
=+a) Is this an experimental or observational study? Explain.

Answered: 1 week ago

Question

★★★★★
Product T is produced for $ 3.90 per pound. Product T can be sold without additional processing for $ 4.65 per pound, or processed further into Product U at an additional cost of $ 0.58 per pound....

Answered: 1 week ago

Question

★★★★★
Returns earned over a given time period are called realized returns. Historical data on realized returns is often used to estimate future results. Analysts across companies use realized stock returns...

Answered: 1 week ago

Question

★★★★★
I am unable to come up with the Yield to Call value. My Excel sheet continues to give me a "VALUE" error. Please assist me with the correct formula path.

Answered: 1 week ago

Question

★★★★★
What are the role of supervisors ?

Answered: 1 week ago

Question

★★★★★
Cheyenne Vision Inc. opened for business on Jan 1, and uses a perpetual inventory system. During January, the company had the following purchases and sales for one of its products: Purchases Sales...

Answered: 1 week ago

Question

★★★★★
A cube with edge length L = 0.25 m and density Q = 0.88103 kg/m floats in equilibrium in a liquid of density = 15103 kg/m3, with the top of the cube a distance d above the liquid's surface, as shown...

Answered: 1 week ago

Question

★★★★★
Hill Corp. had 600,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $1,050,000 for the year ending December 31, 2010....

Answered: 1 week ago

Question

★★★★★
7.1 A mammography center performs eleven different procedures. The volume of each procedure during an eight-month period and the standard hours per procedure are shown in Table EX 7.1. Table EX 7.1...

Answered: 1 week ago

Question

★★★★★
A price reduction, or no charge at all, if this is appropriate?

Answered: 1 week ago

Question

★★★★★
In what ways does your organization create customer de - pendency relationships that may discourage complaints?

Answered: 1 week ago

Question

★★★★★
What dependency or unequal relationships exist within your organization? How are people who feel dependent upon someone else able to give appropriate feedback without being threatened?

Answered: 1 week ago

Previous Question Next Question