Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 11, 2024

Which of the following is NOT one of the five primary components of internal control? O a. Size of the business O b. Control activities

Which of the following is NOT one of the five primary components of internal control? O a. Size of the business O b. Control activities Oc Control environment O d. Risk assessment

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

For Mowen/hansen/heitgers Cornerstones Of Managerial Accounting, 6th Edition, [instant Access]

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

6th Edition

1305280768, 9781305280762

More Books

Students also viewed these Accounting questions

Question

★★★★★

The following economic events that were related to K&B Grocery Store occurred during 2009. a. On February 15, K&B placed an order for a new cash register with NCR, for which $700 would be paid after...

Answered: 1 week ago

Question

★★★★★

Explain what is meant by ambush marketing.

Answered: 1 week ago

Question

★★★★★

Should Roger hire the older, extraverted and highly motivated Julia, with relatively little job experience for the PR function, or would he be better to choose another worker?

Answered: 1 week ago

Question

★★★★★

Dave and Reba Guerrera saved all their married life to open a bed and breakfast (B&B) named Tres Amigos. They invested $100,000 of their own money and the corporation issued common stock to them. The...

Answered: 1 week ago

Question

★★★★★

5. Davids Bridals recorded the following events involving a recent purchase of merchandise: Received goods for $180,000, terms 2/10, n/30. Returned $2,500 of the shipment for credit. Paid $600...

Answered: 1 week ago

Question

★★★★★

discuss two key insights of relevance to you in your development as a manager/leader. Discuss how you can incorporate his advice in your own career situation. Engage in ongoing discussions within...

Answered: 1 week ago

Question

★★★★★

Shamar invoices a company for $6,000. When he looks at the Customer Balance Summary, he sees an amount of $13,000 that includes unpaid invoices. How can he find detail on the open invoices? Select an...

Answered: 1 week ago

Question

★★★★★

The Street Division of Labrosse Logistics just started operations. It purchased depreciable assets costing $36 million and having a four-year expected life, after which the assets can be salvaged for...

Answered: 1 week ago

Question

★★★★★

Suppose you are the operations manager at an airline company. The company guarantees its customers that its flights are delayed by at most three minutes on average, as opposed to much higher figures...

Answered: 1 week ago

Question

★★★★★

CASE 9-29 Master Budget for a Manufacturer [LO3, LO4] Garneau Manufacturing Ltd. produces and distributes a special type of chemical compound called Compound WX. The information below about Garneau's...

Answered: 1 week ago

Question

★★★★★

The master budget at Monroe Manufacturing last period called for sales of 43,500 units at $57 each. The costs were estimated to be $41 variable per unit and $539,000 fixed. During the period, actual...

Answered: 1 week ago

Question

★★★★★

5.14 A contractor submits a bid on a project for which more research and development work needs to be done. It is estimated that the total cost of satisfying the project specifications will be $20...

Answered: 1 week ago

Question

★★★★★

Silver Star, Inc., has a number of stores in major metropolitan shopping centers. The companys sales experience indicates that daily cell phone sales in its stores follow a normal distribution with a...

Answered: 1 week ago

Question

★★★★★

A client has an investment portfolio whose mean value is equal to $1,000,000 with a standard deviation of $30,000. He has asked you to determine the probability that the value of his portfolio is...

Answered: 1 week ago

Previous Question Next Question