Which of the Following Duties Could Be Performed by the Same

question 1

Multiple Choice

Which of the following duties could be performed by the same individual and not violate segregation of duty controls?

• A)handling cash and posting to customer accounts
• B)issuing credit memos and maintaining customer accounts
• C)handling cash and authorizing credit memos
• D)handling cash receipts and mailing vendor payments

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Definitions:

Dividend Policy

A company's approach to distributing profits back to its shareholders, either in the form of cash dividends or stock shares.

Dividend Stability

A measure of a company's consistency in paying out dividends to its shareholders over time, indicating financial health and predictable income.

Residual Dividend Policy

A dividend payment policy wherein the dividends paid are based on the earnings left over after all capital expenditures and working capital needs are covered.

Target Dividend Payout

The portion of earnings a company plans or targets to distribute to its shareholders in the form of dividends.