Which of the following statements is not correct? The use of internal controls provides a guarantee against all types of loss. O Managers use internal control systems to prevent avoidable losses, plan operations, and monitor company and employee performance. O Cash registers, time clocks, and ID scanners are examples of devices that can improve internal control. O An internal control system consists of the policies and procedures companies use to protect assets, ensure reliable accounting, promote efficient operations, and uphold company policies. Question 3 1 pts Which of the following statements is true? O An employee travels out of town as required by his job, and he is not reimbursed. The employee can deduct these work-related travel costs. An employee travels out of town on company business. She is fully reimbursed from her employer under an accountable plan. The employee must include the reimbursement in income. O Jason, who lives in New Jersey, owns several apartment buildings in Baltimore. His travel expenses to Baltimore to inspect his property are tax deductible. O According to the tax laws, a person's tax home is the location of the family residence regardless of the location of the taxpayer's principal place of work