Which of the Following Is Not an Example of a Programmed

question 31

Multiple Choice

Which of the following is not an example of a programmed application control?

• A) numerical continuity of documents is assured.
• B) unreasonable quantities, amounts and dates are queried.
• C) only orders for goods in the entity's product range are accepted.
• D) duplicate document numbers are accepted.

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Definitions:

Dividends Payable

A liability on the balance sheet representing the amount of dividends that a company owes to its shareholders but has not yet paid.

Stock Splits

An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares.

Retained Earnings

The portion of a company's profits that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business or to pay off debt.

Dividend-Related Liability

A financial obligation arising when a company declares dividends payable to shareholders, to be settled on the dividend payment date.