Diversification strategies emphasize both new products and new markets

If the decedent has maintained a safe deposit box, it must be opened in the presence of a proper official

Indicate whether the statement is true or false.

With a limited work force and a desire to maintain strong internal control, which combination of duties would result in the lowest risk exposure?

A) Updating the inventory subsidiary ledgers and recording purchases in the purchases journal. B) Approving a sales return on a customer's account and depositing customers' checks in the bank. C) Updating the general ledger and working in the inventory warehouse. D) Entering payments to vendors in the cash disbursements journal and entering cash received from customers in the cash receipts journal.