When certain customers made cash payments to reduce their accounts receivable, the bookkeeper embezzled the cash and wrote off the accounts as uncollectible. Which control procedure would most likely prevent this irregularity?
A. segregation of duties
B. accounting records
C. accounting system
D. access controls
Answer: A
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Which of the following is not one of the three explanatory variables that determines a firm's market beta?
a. Degree of investing leverage. b. Degree of operating leverage. c. Degree of financial leverage. d. Variability of sales.
Which of the following will not cause the percent earned on operating property of a utility to fall?
a. Sale of a fully depreciated asset at a loss b. Building a new plant c. Increase in operating expenses d. Decrease in borrowing and interest expense e. Decrease in revenue
Which work sheet columns should contain "key letters"?
a. Adjustments b. Adjusted Trial Balance c. Trial Balance d. Balance Sheet
According to the skills model, performance outcomes are affected by ______.
A. followers’ career paths B. the leader’s experiences C. subordinate expectations D. research methods