The Internal Control That Requires That "Checks Are Pre-Numbered and Accounted

question 99

Multiple Choice

The internal control that requires that "checks are pre-numbered and accounted for" satisfies which assertion?

• A)Accuracy.
• B)Existence.
• C)Completeness.
• D)Posting and summarization.

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Definitions:

IRR

Internal Rate of Return; a financial metric used to evaluate the profitability of potential investments, representing the discount rate that makes the net present value of all cash flows equal to zero.

Cash Flow

A measure of the amount of cash and cash-equivalents being transferred into and out of a business.

Project

An individual or collaborative enterprise planned and designed to achieve a specific goal.

WACC

By employing the Weighted Average Cost of Capital calculation, a company's cost of capital is assessed, with each type of capital weighted proportionately.