Good Internal Controls in the Revenue Cycle Should Ensure All

question 40

Multiple Choice

Good internal controls in the revenue cycle should ensure all of the following except

• A)all sales are profitable
• B)all sales are recorded
• C)credit is authorized
• D)inventory to be shipped is not stolen

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Definitions:

SUTA Tax Rate

The state-level tax rate applied to employers to fund state unemployment benefits, varying by state and employer's history with unemployment claims.