Which of the Following Would Not Be Considered Good Internal

question 130

Multiple Choice

Which of the following would not be considered good internal control for cash receipts?

• A)Allowing customers to pay with a debit card.
• B)Requiring the employee receiving cash from customers to also deposit the cash into the company's bank account.
• C)Recording cash receipts as soon as they are recorded.
• D)Allowing customers to pay with a credit card.

Know the importance of an omni-channel approach for social media professionals.

Recognize the role and impact of negative social media participants like trolls/haters.

Articulate the differences and similarities between influencers and creators, and their respective impacts.

Understand the concept of vertical intercept and how it relates to the graph of a curve.

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Definitions:

Senate Finance Committee

A powerful committee in the United States Senate that deals with matters related to taxation, revenue, and other financial policies.

Form 1040EZ

Form 1040EZ was a simplified tax form for individuals with uncomplicated tax situations, but it is no longer in use as of 2018.

Taxable Wages

Earnings from employment or other services that are subject to taxation, after accounting for deductions and exemptions.

Rev.Proc.87-56

A Revenue Procedure published by the IRS in 1987, providing guidelines on the depreciation of property for tax purposes.