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Home Q & A Board Other Fields Homework Help Business Accounting
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glowupp glowupp
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6 years ago
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
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paulina3811paulina3811
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6 years ago
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