Vaughn Services hires a new accountant to maintain its petty cash fund. Although the employee possesses an accounting degree, he/she had been previously convicted of embezzlement
Which internal control procedure needs to be addressed in the above situation?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents
B
Business
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The processes in knowledge management contribute to informal learning.
a. true b. false
Business
Which of the following will be shown under the investing activities section of the statement of cash flows?
A) purchased treasury stock for cash B) issued notes payable to purchase equipment C) paid cash dividends to stockholders D) loaned money to a third party
Business