Message_1503369199400.jpg - Scotch Phota/document...

This preview shows page 1 out of 1 page.

Unformatted text preview: Scotch Phota/document + Presentation and disclosure L. Existence d. Completeness Question 19 2.3 out of 2.5 points Why should the client's legal expenses be examined? Answerst 's. To determine the types of fraud occurring in the organization CHto determine if there is any litigation pending or threatened c. To ensure proper recording of vendor payables 4. To compare with previously released attorney's letters Question 20 2.5 cut 6: 2.5 joins Please indicate the proper sequence of the acquisition cycle: 1. Approval of items for payment. 2. Authorized requisition for goods or services 3, Cash disbursement. 4. Receipt of goods and services S. Authorized purchase of goods or services. Answers: -2. 2. 4. 5. 1. 3 b. 2. 5, 1. 4, 3 c. 2. 1. 4. 5. 3 ( 2, 5, 4. 1. 3 Question 21 2.5- out of 2, 2 points Which of the following is NOT an element of internal controls to guarantee the existence of inventory? Answers: a Disposals of inventory must be recorded timely b Inventory count must be performed semiannually ..Warehouse must be anteguarded (d. Price discounts must be approved by the CEO Question 22 2.5 out of 2.5 points...
View Full Document

  • Fall '10
  • PHILLIPS
  • Exam 2, Recording, Following, Supply chain management terms

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern