To Provide Proper Authorization Control for Inventory,what Two Departments Should

question 40

Essay

To provide proper authorization control for inventory,what two departments should be segregated?

---

Definitions:

Dividend Declaration

The announcement by a company's board of directors of a payment to shareholders, distributed from its earnings.

Retained Earnings

What remains of the company's net earnings after dividend payments to shareholders have been made.

Dividends Payable

A liability on the company's balance sheet that indicates the amount of dividends declared by the board of directors but not yet paid to shareholders.

Additional Paid-in Capital

The amount of money investors pay above the par value of shares, reflecting the excess amount invested by shareholders in the company.