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Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, identify the internal control principle the company followed.
Whole Fruits Market took the following actions to improve internal controls. For each of the following actions, identify the internal control principle the company followed. a The recordkeeper is not permitted to pay the company's suppliers. b Personal ID cards are used to limit access to only authorized employees. c Employees requesting purchases of inventory cannot approve payment for that inventory. d Each cashier is designated a specific cash drawer and is solely responsible for cash in that drawer. e Purchased an insurance bonding policy against losses from theft by a cashier. f External auditors are regularly hired to evaluate internal controls. apply technological controls divide responsibility for related transactions establish responsibilities insure assets and bond key employees
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