Chester Company has established internal control policies and procedures in order to achieve the following objectives: 1) Effective evaluation of management performance.
2) Assure that the accounting records contain reliable information.
3) Safeguard the company's assets.
4) Assure that employees comply with company policy.
Which of these objectives are achieved by accounting controls?
A. Objectives 1 and 2
B. All four objectives
C. Objectives 2 and 3
D. Objectives 3 and 4
Answer: C
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