Nancy Kempf has been hired by Andersen Manufacturing as a staff accountant in the internal audit department. She has been asked to thoroughly document the existing accounting information system in preparation for making recommendations for improvements to internal controls. She decides to begin with a description of the information stored in paper records, their sources, and their destinations
The documentation tool that he should employ for this purpose is a
A) data flow diagram.
B) document flowchart.
C) system flowchart.
D) program flowchart.
Answer: B
Business
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A company's balance sheet shows $225 million in assets, among which is $25 million in cash. Owners' equity equals $125 million. There are no preferred shares. Its debt must be:
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