Which of the Following Is Used by Companies to Separate

question 225

Multiple Choice

Which of the following is used by companies to separate cash duties and establish stronger control over cash receipts?

• A) an encryption system
• B) an imprest system
• C) a lock-box system
• D) a firewall system

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Definitions:

Unamortized Discount

The portion of a bond discount that has not yet been amortized (expensed) over the life of the bond.

Retirement

The point in time when an individual chooses to leave the workforce permanently, usually associated with reaching a certain age or financial security.

Par Value

The face value of a bond or the stock value stated in the corporate charter, which is typically a minimal amount not reflective of the market value.

Installment Note

A debt instrument that requires a series of payments over time, often including both interest and principal.