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Title: An element of internal control is Post by: glowupp on Feb 22, 2018 An element of internal control is
a. risk assessment b. journals c. subsidiary ledgers d. controlling accounts (Q. 2) The functions of the _____________________________ _ commonly include assigning passwords and making sure the IT organization is secure from physical threats. Fill in the blank(s) with correct word (Q. 3) Treasury stock is shown as ________ on the balance sheet. A) a reduction of total shareholder's equity B) an addition to total shareholder's equity C) a reduction of total retained earnings D) an addition to total retained earnings (Q. 4) The sales account is a revenue account. a. True b. False Indicate whether the statement is true or false (Q. 5) Calculate the cash received by the issuing company: Face value Issue price Cash received a. 50,000 103 b. 80,000 100 c. 100,000 97 (Q. 6) A firm's internal control environment is notinfluenced by a. management's operating style b. organizational structure c. personnel policies d. monitoring policies Title: An element of internal control is Post by: paulina3811 on Feb 22, 2018 Content hidden
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