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Which of the following statements regarding a lockbox system is incorrect? A. A bank employee empties the box daily and records the deposits into the

Which of the following statements regarding a lockbox system is incorrect?

A.

A bank employee empties the box daily and records the deposits into the company's bank account.

B.

Customers send their checks directly to a post office box that belongs to the company.

C.

Internal control is tight because company personnel never touch incoming cash.

D.

Cash is put into the company's bank account quickly.

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