Homework Answers
| Option D is the answer | |
|
Control activities are those activities and teche carried out by the management to ensure that the risks are minimized. Option D is the answer Comment if you face any issues |
Add Answer to:
Question 4 All of the following are examples of a control activity except prenumbering cheques. reconciling...
1) All of the following are purposes of internal control except to: A) Promote operational inefficiency....
1) All of the following are purposes of internal control except to: A) Promote operational inefficiency. B) Safeguard assets. C) Ensure accurate and reliable accounting records. D) Prevent and detect error and fraud. 2) An effective accounting information system: A) allows employees flexibility in setting the working hours. B) guarantee a company will not go bankrupt. C) includes control, compatibility, flexibility, and a favourable cost/benefit relationship. D) promote operational efficiency. E) will prevent fraud in all cases. 3) Paying top...
Brief Exercise 7-4 Rolling Hills Ltd. has the following internal controls over cash payments. Identify the...
Brief Exercise 7-4 Rolling Hills Ltd. has the following internal controls over cash payments. Identify the control activity that is applicable to each procedure. 1. Company cheques are prenumbered. 2. The bank statement is reconciled monthly by the assistant controller. 3. Blank cheques are stored in a safe in the controller's office. Both the controller and the assistant controller are required to sign cheques or authorize electronic payments. 5. Cheque signers are not allowed to record cash payments. 6. All...
Requirement a. For each internal control, identify the type(s) of specific control activity (or activities) to...
Requirement a. For each internal control, identify the type(s) of specific control activity (or activities) to which it applies (such as adequate documents and records or physical control over assets and records). Internal control Control activity(ies) Human resource policies require an investigation of an employment application from new employees. Investigation includes checking the 1. employee's background, former employers, and references. Approval of department head or foreman on time records is required 2. before preparing payroll. Adequate documents and records All...
Examples of aerobic physical activity include all of the following except: a. bicycling b. strength exercises...
Examples of aerobic physical activity include all of the following except: a. bicycling b. strength exercises c. swimming d. climbing stairs e brisk walking QUESTION 58 Abdominal obesity is a common risk factor for diabetes, cancer, and hypertension. True False QUESTION 59 Bulimia nervosa is more prevalent than anorexia nervosa in both women and men. True False QUESTION 60 What is not recommended for physical activity in order to maintain a healthy body weight? a. More than 250 minutes per...
Wong has the following internal controls over cash receipts and cash payments. Identify the control activity...
Wong has the following internal controls over cash receipts and cash payments. Identify the control activity that is applicable to each item in the table shown below: All cash is deposited intact, in the bank account, daily. Segregation of Duties/Independent checks of performance/Documentation procedures/Physical and it control/ Establishment of responsibility/Human Resource Controls Blank cheques are stored in a safe in the controller’s office. Segregation of Duties/Independent checks of performance/Documentation procedures/Physical and it control/ Establishment of responsibility/Human Resource Controls All cashiers...
examples of income which are constructively received include all the of all of their following except...
examples of income which are constructively received include all the of all of their following except a paycheck received from employer when employer does not have funds in the bank to cover a check dividend automatically reinvested in additional shares of the mutual fund interest credited to a savings account a check received after banking hours
Question 2 All of the following are examples of Archaic period legislative bodies EXCEPT: Boule. Ecclesia....
Question 2 All of the following are examples of Archaic period legislative bodies EXCEPT: Boule. Ecclesia. Gerousia. Archon.
Sound internal control can be described as separating all of the following duties and responsibilities except...
Sound internal control can be described as separating all of the following duties and responsibilities except for: Multiple Choice recordkeeping. transaction authorization. custody of, or direct access to, assets. hiring of employees.
The following control procedures are used in Bunny’s Boutique Shoppe for cash disbursements. (a) For each...
The following control procedures are used in Bunny’s Boutique Shoppe for cash disbursements. (a) For each procedure, explain the weakness in internal control and identify the internal control principle that is violated. Procedure Weakness Principle Violated 1. Each week, 100 company checks are left in an unmarked envelope on a shelf behind the cash register. select the weakness in internal control Use...
1 1.0 points Exercise 4-4 Determine control activity violations (LO4-2) Below are several scenarios related to...
1 1.0 points Exercise 4-4 Determine control activity violations (LO4-2) Below are several scenarios related to control activities of a company. Required: For each scenario, determine which control activity is violated. Control activities include separation of duties, physical controls, proper authorization, employee management, reconciliations, and performance reviews. If no control activity is violated, select "none." Scenarios Control Activities A manufacturing company compares total sales in the current year to those in the previous r but does not compare the cost...
Brief Exercise 7-4 Rolling Hills Ltd. has the following internal controls over cash payments. Identify the control activity that is applicable to each procedure. 1. Company cheques are prenumbered. 2. The bank statement is reconciled monthly by the assistant controller. 3. Blank cheques are stored in a safe in the controller's office. Both the controller and the assistant controller are required to sign cheques or authorize electronic payments. 5. Cheque signers are not allowed to record cash payments. 6. All...
Requirement a. For each internal control, identify the type(s) of specific control activity (or activities) to which it applies (such as adequate documents and records or physical control over assets and records). Internal control Control activity(ies) Human resource policies require an investigation of an employment application from new employees. Investigation includes checking the 1. employee's background, former employers, and references. Approval of department head or foreman on time records is required 2. before preparing payroll. Adequate documents and records All...
Examples of aerobic physical activity include all of the following except: a. bicycling b. strength exercises c. swimming d. climbing stairs e brisk walking QUESTION 58 Abdominal obesity is a common risk factor for diabetes, cancer, and hypertension. True False QUESTION 59 Bulimia nervosa is more prevalent than anorexia nervosa in both women and men. True False QUESTION 60 What is not recommended for physical activity in order to maintain a healthy body weight? a. More than 250 minutes per...
1 1.0 points Exercise 4-4 Determine control activity violations (LO4-2) Below are several scenarios related to control activities of a company. Required: For each scenario, determine which control activity is violated. Control activities include separation of duties, physical controls, proper authorization, employee management, reconciliations, and performance reviews. If no control activity is violated, select "none." Scenarios Control Activities A manufacturing company compares total sales in the current year to those in the previous r but does not compare the cost...
Most questions answered within 3 hours.
-
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 21 minutes ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 44 minutes ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 1 hour ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 1 hour ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 1 hour ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 1 hour ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 2 hours ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 2 hours ago -
Consider a 1.0 L buffer containing 0.092 mol L-1 HCOOH and 0.100
mol L-1 HCOO-. What...
asked 2 hours ago -
Koch Realty has owned a vacant land with a FMV of
$775,000 and an adjusted basis...
asked 2 hours ago -
It is estimated 29% of all adults in United States invest in
stocks and that 85%...
asked 2 hours ago -
What does a 2-sided p value of 0.04 mean? (I am not asking if it
is...
asked 2 hours ago