Use the Following to Answer the Questions Below

question 62

Multiple Choice

Use the following to answer the questions below:
In each of the following multiple-choice questions, characterize EACH of the three given statements as being TRUE or FALSE and then indicate the collective true-false status of the statements using the choices:
-Statements: (1) All intermediates in the C₃ stage of glycolysis are phosphorylated derivatives of either glycerol or acetone.
(2) The digestion of carbohydrates begins in the mouth, continues in the stomach, and is completed in the small intestine.
(3) The storage form for excess glucose in the body is glycogen produced by glycogenesis.

• A) All three statements are true.
• B) Two of the three statements are true.
• C) Only one of the statements is true.
• D) None of the statements is true.

Analyze and prepare journal entries related to petty cash transactions, including establishment, replenishment, and adjustment of the fund size.

Interpret and prepare bank reconciliations, identifying the necessary adjustments for the company’s cash account.

Distinguish between cash and cash equivalents.

Apply the principles of internal control to cash transactions to prevent and detect errors and fraud.