The Most Important Control Over the Existence, Completeness, and Valuation

question 52

Multiple Choice

The most important control over the existence, completeness, and valuation of cash balances _______.

• A)is immediate collection of cash by companies
• B)is to defer cash collection for as long as possible
• C)is an independent bank reconciliation
• D)is written representation by senior management with respect to the accuracy of the cash balance

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Definitions:

Deep Structure

In linguistics, the underlying syntactic structure or meaning of a sentence, as opposed to its surface form.

Surface Structure

In linguistics, the superficial appearance or syntax of a sentence, as opposed to the deeper, underlying meaning.

Flexibility

The quality of being adaptable or variable, referring to the ability to adjust to new conditions or the capacity of being bent or stretched.

Human Language

A complex system of communication unique to humans, allowing for the expression and understanding of thoughts, feelings, and concepts through spoken, written, or signed forms.