When an Entity Uses a Trust Company as Custodian of Its

question 14

Multiple Choice

When an entity uses a trust company as custodian of its marketable securities,the possibility of concealing fraud most likely would be reduced if the

• A) Trust company has no direct contact with the entity employees responsible for maintaining investment accounting records.
• B) Securities are registered in the name of the trust company rather than the entity itself.
• C) Interest and dividend checks are mailed directly to an entity employee who is authorized to sell securities.
• D) The trust company places the securities in a bank safe deposit vault under the custodian's exclusive control.

Identify the various sources of career information and their respective utilities.

Recognize the significance of providing accurate and current occupational information to clients.

Navigate and utilize O*Net for accessing comprehensive occupational information.

Comprehend how to manage and interpret the extensive amount of career information available online.

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Definitions:

Return on Total Assets

A financial ratio that measures a company's profitability relative to its total assets, indicating how effectively a company uses its assets to generate profit.

Financial Performance

Financial performance refers to the assessment of a company's revenue, expenses, and earnings to understand its economic health and efficiency.

Foreign Exchange Rate

The price of one currency in terms of another currency, determining how much of one currency can be exchanged for another.

Business Transactions

Financial activities or operations that involve an exchange of goods, services, or funds between two or more parties.