Which of the Following Is the Best Internal Control Over

question 15

Multiple Choice

Which of the following is the best internal control over disposals of fixed assets?

• A) Periodically analyze the scrap sales revenue and the repairs and maintenance expense accounts.
• B) Periodically compare removal work orders and disposal authorization.
• C) Separate the duties of the official authorizing a disposal and the official approving removal work orders.
• D) Use serial numbers to identify fixed assets that could be sold.

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Definitions:

Biological Information

Data relating to the characteristics, distribution, and populations of living organisms.

Conservation Biology

The science of protecting and managing biodiversity to prevent species, their habitats, and ecosystems from excessive rates of extinction.

Economic

Relating to the system of production, distribution, and consumption of goods and services in a society, and the study of how scarce resources are allocated.