Which of the following is a control problem related to segregation of duties?
a. Julie writes expense checks and Mark collects cash from customers.
b. Bob order office supplies and deposits the company's checks.
c. Steve records receivables and writes off bad debts.
d. Rebecca records journal entries and orders lunch.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
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A. avoiding style B. competing style C. collaborative style D. accommodating style
Melbourne Company sold merchandise that it had purchased with a list price of $3,300. The credit terms were of 2/10, n/30. Assuming that Melbourne paid for the merchandise during the discount period, the cost of goods sold for this transaction would be $2,970.
Answer the following statement true (T) or false (F)
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a. 0.050 ha b. 0.005 ha c. 5.000 ha d. 0.500 ha
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A. long-term B. short-term C. rapid D. interim