Which of the Following Questions Included in an Internal Control

question 35

Multiple Choice

Which of the following questions included in an internal control questionnaire would evaluate the valuation objective of revenues?

• A)Is customer credit approved before orders are shipped?
• B)Are sales orders prenumbered?
• C)Are shipping documents required before a customer invoice is sent?
• D)Are payments received from the customer deposited in the bank in a timely manner?

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Definitions:

Addition Polymer

A type of polymer formed by the successive addition of monomer molecules with double or triple bonds.

Condensation Polymer

A polymer formed by the reaction of monomer molecules, releasing small molecules such as water or methanol as by-products.

Teflon

A synthetic fluoropolymer of tetrafluoroethylene that has numerous applications due to its high resistance to heat, chemicals, and electricity.

Addition Polymer

Polymers formed by the sequential addition of monomer units with double or triple bonds, resulting in a long chain molecule without the loss of any small molecule byproducts.