Which of the Following Internal Control Activities Most Likely Addresses

question 23

Multiple Choice

Which of the following internal control activities most likely addresses the completeness assertion for inventory?

• A)The work-in-process account is periodically reconciled with subsidiary inventory records.
• B)Employees responsible for custody of finished goods do not perform the receiving function.
• C)Receiving reports are prenumbered and the numbering sequence is checked periodically.
• D)There is a separation of duties between the payroll department and inventory accounting personnel.

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Definitions:

Rehearsal

A cognitive process involving the repetition of information to be remembered, aiming to prolong its presence in short-term memory and promote its transfer to long-term memory.

Mainstreaming

The practice of integrating children with special educational needs into regular educational settings, aiming to provide them with a standard curriculum whenever possible.

Inclusion

The act of creating environments in which any individual or group can be and feel welcomed, respected, supported, and valued to fully participate.

Processing Information

The mental operation of receiving, perceiving, and analyzing information.