Which of the Following Independent Checks Would Be Part of the Internal

question 24

Multiple Choice

Which of the following independent checks would be part of the internal controls for fixed assets?

• A)Comparing actual fixed asset expenditures with the capital budget.
• B)Periodic counts of fixed assets should be made by someone not otherwise responsible for fixed asset related activities.
• C)Physical counts should be reconciled with the accounting records.
• D)Book value of the assets should be compared to the insurance records.

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Definitions:

Anthocerophyta

Anthocerophyta is a phylum consisting of hornworts, a group of non-vascular plants that are characterized by their horn-like sporophytes and a simple, thalloid gametophyte.

Club Mosses

Ancient group of non-flowering plants with a vascular system, resembling mosses but genetically closer to ferns.

Lycopodiophyta

A division of vascular plants, also known as clubmosses, that are characterized by their leafy stems and cone-like structures.

Pteridophyta

Pteridophyta refers to a group of vascular plants that reproduce via spores and do not produce flowers or seeds, commonly known as ferns.