Verification of the Legitimacy of Year-End Unpaid Bonuses to Officers

question 54

Multiple Choice

Verification of the legitimacy of year-end unpaid bonuses to officers and employees can be accomplished by comparing the recorded accrual to the amount

• A)in the expense account.
• B)used in the prior period.
• C)authorized and recorded in the minutes of the board of directors.
• D)paid in the subsequent period.

---

Definitions:

Food Rewards

Incentives, often edible, used to motivate or reinforce desired behavior in both humans and animals.

Demographic Statistics

Data that relates to the structure of populations, such as age, race, gender, income, and education.

Law School

An educational institution or part of an institution that offers professional training in legal studies, preparing students to become lawyers.

Delay of Gratification

The ability to resist the temptation for an immediate reward and wait for a later, often greater, reward.