Merchandise sold F.O.B. destination belongs to the buyer while in transit
Indicate whether the statement is true or false.
FALSE
Business
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Campaign Services hired a new accounting manager. He signed a contract for a new accounting information system, but his position did not specify whether he was authorized to do so or not
In the above situation, which internal control procedure needs strengthening? A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents
Business
Liability insurance protects you and your family from the negligence of others
Indicate whether the statement is true or false.
Business