The clerk who has access to the cash in the cash register should also have access to the cash register tape or file.
Answer the following statement true (T) or false (F)
False
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Distinguish between errors and irregularities. Which do you think concern the auditors the most?
Adoption terminates the legal rights of the biological parents
Indicate whether the statement is true or false
On January 5, the Rolland Corporation sent a letter offering to sell a new line of above-ground pools to Tibbets, the owner of Tibbets Leisure Center, at a considerably reduced introductory price. The letter stated that the offer would be good until January 20 . When Tibbets received the letter on January 10, he immediately sent a telegram of acceptance. However, because an employee of the
telegraph company lost the telegram, the telegram never reached the Rolland Corporation's office. Was a contract formed between the Rolland Corporation and the Tibbets Leisure Center? a. Yes, on January 10; Tibbets used a commercially reasonable means of acceptance. b. Yes, on January 20; Tibbets used a commercially reasonable means of acceptance. c. No. Rolland Corporation had specified the method by which acceptance must be made. d. No, a "firm offer" was not valid in this case.
Most life insurance policies have a clause that allows the insured to put the policy back into effect if it lapses because of unpaid premiums
Indicate whether the statement is true or false