Which of the following is not a generally recognized internal control activity?

A) Separation of the custody and record keeping responsibilities for any business activity
B) Destroying all documentation as soon as possible to avoid their misuse
C) Internal review of business transactions by the internal auditors
D) Independent verification of the work of one employee by another employee


B

Business

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Bonds issued with a provision that they may be called for redemption before the date of maturity are called convertible bonds

a. True b. False Indicate whether the statement is true or false

Business

Politically savvy leaders ______.

a. should at least appear to be sincere b. should be truly sincere c. must be honest d. none of these

Business

A sole proprietorship was formed on January 1, Year 1, when it received $90,000 cash from Kaitlyn Conrad, the owner. During Year 1, the business earned $138,000 in cash revenues and paid $102,400 in cash expenses. Conrad withdrew $16,000 in cash during the year. Required: Prepare an income statement, capital statement, and balance sheet.

What will be an ideal response?

Business

Impact of changes in RHS values of constraints is typically measured by the:

A) reduced cost B) RHS allowable increase value C) RHS allowable decrease value D) shadow price E) objective function coefficients

Business