Which of the Following Statements Is True Regarding Timely Performance

question 34

Multiple Choice

Which of the following statements is true regarding timely performance reports?

• A)In many companies, these reports are the major means of providing information to management concerning the actual operations of the companies' internal control systems
• B)These reports should only include monetary data
• C)Since these reports fail to provide feedback to management on the operations of previously implemented internal control procedures, other techniques are needed to provide this feedback to managers
• D)The complexity that a computer introduces into a company's information system will typically prevent the preparation of timely performance reports for the company's management

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Definitions:

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and investments, as reported in a company's cash flow statement.

Cash Dividends

Payments made by a company out of its profits to its shareholders in the form of cash.

Investing Activities

Financial transactions related to the acquisition or disposal of long-term assets and investments.

Investing Activities

Transactions involving the acquisition or disposal of non-current assets like property, plant, and equipment, or securities, which are part of a company’s cash flow statement.