Which of the following is not a generally recognized internal control activity?
A) Establishment of clear lines of authority to carry out specific tasks
B) Preparation of bank reconciliation on a monthly basis
C) Reducing the cost of hiring seasonal employees
D) Limiting access to computerized accounting records
C
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Why is it important to understand how people feel in the situation you are trying to improve?
a. It will help you design something of value to the person for whom you are designing. b. It will help you craft the marketing message c. It will help you pitch your products to investors d. It will help you crowdfund
The following information should be used for questions 90-97.CashAccounts ReceivableOffice EquipmentOffice SuppliesAccounts PayableBrandon Phipps, CapitalBrandon Phipps, DrawingFees IncomeRent ExpenseSalaries ExpenseUtilities ExpenseFor each of the following transactions determine the accounts to be debited and credited.Issued checks to pay salaries
What will be an ideal response?
Which of the following procedures would normally be performed by the auditor when conducting tests of payroll transactions?
A. Interview employees selected in a statistical sample of payroll transactions. B. Vouch number of hours worked as shown on payroll to time sheets and time reports signed by the foreman. C. Confirm amounts withheld from employees' salaries with proper governmental authorities. D. Examine signatures on paid salary checks.
For a chi-square goodness-of-fit-test, the calculated chi-square value is 7.21. If the table chi-square value is 10.645, what is the appropriate decision for this test?
A) Reject the null hypothesis. B) Fail to reject the null hypothesis. C) Accept both the null and the alternative hypothesis. D) It is impossible to determine anything from the given information.