Which of the Following Represents a Processing Control in the Financial

question 66

Multiple Choice

Which of the following represents a processing control in the financial process?

• A) Input data should be verified as accurate in the various processes.
• B) Special authorization should be required for the disposal of capital resources.
• C) The distribution of internal reports containing financial information should be carefully controlled and recorded.
• D) Summarized information received from other processes should be periodically reviewed to determine that the accuracy of financial statements.

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Definitions:

Minimum Required Rate Of Return

The lowest acceptable return on an investment, determined by the investor’s preferences, risks, and opportunity costs.

Net Operating Income

A company's total earnings from its operations, exclusive of taxation and interest.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership interest of the shareholders.

Sales

The total amount of goods or services sold by a company within a specific period, generating revenue.