Factors That Indicate the Need for Internal Controls Over Fixed

question 60

Multiple Choice

Factors that indicate the need for internal controls over fixed assets processes include all of the following, except:

• A)General nature of fixed assets makes the susceptible to theft because they are distributed throughout the business and are in the hands of many
• B)Large quantities of fixed assets
• C)High likelihood of obsolescence due to technological changes
• D)The high cost of assets

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Definitions:

Bowlegged

A condition where the legs curve outward at the knees while the feet and ankles touch, often seen in toddlers.

Toddler

A young child, typically between the ages of one and three years, who is learning to walk and engage in more complex activities.

Extremities

The limbs or appendages of the body, specifically arms, hands, legs, and feet.

Vision Acuity

The clarity or sharpness of vision, usually measured by the ability to discern letters or numbers at a standardized distance on an eye chart.