Question: Multiple Choice 1.) A good system of internal control: A. Urges adherence to prescribed managerial policies. B. Insures profitable operations. C. Eliminates the need for

Multiple Choice 1.) A good system of internal control: A. Urges

Multiple Choice 1.) A good system of internal control: A. Urges adherence to prescribed managerial policies. B. Insures profitable operations. C. Eliminates the need for an audit. D. Requires the use of noncomputerized systems. E. Is not necessary if the company uses a computerized system

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1) A good system of internal control: a) Urges adherence to prescribed managerial policies. b) Insures profitable operations. c) Eliminates the need for an audit. d) Requires the use of...

Multiple Choice Questions 1. The principles of internal control include: A) Establish responsibilities. B) Maintain minimal records. C) Use only computerized systems. D) Bond all employees. E)...

1) A properly designed internal control system is a key part of accounting information systems' design, analysis, and performance. True False 2) The use of internal controls provides guaranteed...

The questions are attached. Can you please answer these questions? Comprehensive Review 1. Harmonious Foods' statement of cash flows showed the following totals: Cash for operating activities...

12. A good system of internal control: A. Urges adherence to prescribed managerial policies B. Insures profitable operations C. Eliminates the need for an audit D. Requires the use of...

Learning Obiectivs Chs-P2 The eonservatism principle: 15. A) Requires that when more than one estimate of amounts to be received or paid in the future are equally hkely, then the less optimistic...

Select the correct answer Q1 At end of the day, the cash register's record shows $155, but the count of cash in the cash register is $150. The correct entry to record the cash sales for the day is:...

Which of the following is a good system of internal control: A. Urges adherence to prescribed managerial policies B. Insures profitable operations C. Eliminates the need for an audit D. Requires the...

A good system of internal control: Urges adherence to prescribed managerial policies. Insures profitable operations. Eliminates the need for an audit. Requires the use of noncomputerized systems. Is...

what is the answer 6. Which of the following is a good system of internal control: A. Urges adherence to prescribed managerial policies B. Insures profitable operations C. Eliminates the need for an...

How does the stockholders equity of the parent that uses the equity method of accounting differ from the consolidated stockholders equity of the parent and its subsidiaries?

Grappler Inc. has an approved $200,000 committed line of credit with the Banque de la Nouvelle-cosse on March 1, 2020. An interest rate of prime plus 2.1% was negotiated along with a commitment fee...

IRR , investment life, and cash inflows Oak Enterprises accepts projects earning more than the firm's 1 5 1 5 % cost of capital. Oak is currently considering a 1 0 1 0 - year project that provides...

Failure to translate a vision into a strategy is sometimes known as: A . corporate slide. B . organizational lag. C . faulty implementation. D . strategic drift.

Should Ashley have taken responsibility to educate Matilda before she left on assignment? Or, was it Matildas responsibility to educate herself? Explain. Now educated about the locations cultural...

What factor(s) in this ethics dilemma might influence a person to make a less than ethical decision?

Discuss Ms. Lincolns level of commitment to occupational safety.