Referring to Cool Looks, what are total cash disbursements in October?
A) $13,950
B) $17,050
C) $20,950
D) $27,950
E) $28,950
A
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Which of the following is least likely to represent a material weakness in internal control for Flynt Corporation?
A. Flynt Corporation's computer systems were not working properly for two days; consequently, employees needed to do all reconciliations manually. B. Flynt Corporation's CFO was arrested last year for embezzling money from the entity. C. Flynt's audit committee is deemed to be ineffective. D. For the current year, the auditor found a material misstatement in Flynt's sales recognition that was undetected by the internal controls.
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