Which of the Following Internal Control Activities Will Most Likely

question 90

Multiple Choice

Which of the following internal control activities will most likely prevent the concealment of a cash shortage by improperly writing off a trade account receivable?

• A)Write-offs must be approved by a responsible officer after review of credit department recommendations and supporting evidence.
• B)Write-offs must be supported by an aging schedule showing that only receivables overdue several months have been written off.
• C)Write-offs must be approved by the cashier who is in a position to know if the receivables have, in fact, been collected.
• D)Write-offs must be authorized by company field sales employees who are in a position to determine the financial standing of the customers.

Understand the structure and function of major histocompatibility complex (MHC) and its role in immunity.

Illustrate the role and types of antibodies in the immune response.

Clarify the significance of antigen presenting cells and lymphocyte activation.

Identify and understand the roles and types of immune cells in the immune system.

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Definitions:

Liability

Financial obligations or debts that an individual or organization owes to others, which must be settled over time.

Savings Account

A bank account that earns interest and is typically used by account holders for saving money over a period of time.

Rate Of Return

A measure used to evaluate the financial performance of an investment, calculating the gain or loss relative to the asset's initial cost.

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows or the rate charged by central banks on loans to commercial banks.