Where computer processing is used in significant accounting applications, internal control activities may be defined by classifying control activities into two types: general and
A. Administrative.
B. Authorization.
C. Specific.
D. Application.
Answer: D
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What will be an ideal response?
Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round your answer to the nearest day. Annual sales =$53,000 Annual cost of goods sold =$37,100 Inventory =$4,000 Accounts receivable =$2,000 Accounts payable =$2,400 ?
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