Recomputing Hours Worked from Time Records Provides Evidence That

question 34

Multiple Choice

Recomputing hours worked from time records provides evidence that

• A)internal controls relating to payroll disbursements were operating effectively.
• B)payroll cheques were signed by an appropriate officer independent of the payroll preparation process.
• C)only bona fide employees worked and their pay was properly computed.
• D)employees worked the number of hours for which their pay was computed.

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Definitions:

Rate of Return

The increase or decrease in value of an investment during a specific time frame, represented as a proportion of the investment's initial cost.

Compounded Annually

Interest on an investment is calculated once per year and added to the principal, allowing the investment to grow at an increasing rate.

Investments

Resources allocated with the intention of generating future benefits, such as income or revenue growth.

Graph

A visual representation of data, showing relationships between two or more variables typically on two axes.