All of the Following Are Examples of Internal Controls Over

question 18

Multiple Choice

All of the following are examples of internal controls over cash except:

• A)depositing cash in the bank regularly.
• B)ensuring different people are responsible for receiving and depositing cash.
• C)ensuring that all cash transactions are recorded on a regular basis.
• D)maintaining a separate facility for the storage of perishable inventory.

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Definitions:

Stockholders' Equity

Stockholders' equity represents the ownership interest of shareholders in a corporation, calculated as total assets minus total liabilities.

Shares

Shares represent units of ownership interest in a corporation or financial asset, providing an entitlement to a portion of the company's profits and assets.

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated as total assets minus intangible assets and liabilities.