When two or more people get together for the purpose of circumventing prescribed controls, it is called Collusion Assignment of Responsibilities A Division of Duties Fraud Prevention Cash equivalents include short-term, highly liquid trading investments plus accounts receivable less any bank overdrafts. Oare reported as non-current assets. include all investments in shares. include short-term, highly liquid trading investments less any bank overdrafts. Which of the following should a business consider when choosing between the FIFO and average cost formulas? whether the method closely follows the physical flow of goods all of the other answers using the same method for inventory of similar nature and use whether the method reports an inventory cost that approximates recent cost A cheque written by the company for $182 is incorrectly recorded as $218. On the bank reconciliation, the $36 error should be added to the balance per books. deducted from the balance per books. deducted from the balance per bank. added to the balance per bank