answers - Question 1: Score 20/20 Identify the external...

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Question 1: Score 20/20 Identify the external users of accounting information. Select all that apply. Choice Selected Points Creditors Yes +1 Investors Yes +1 Regulators Yes +1 Plant managers No Business unit managers No Customers Yes +1 Total correct answers: 0 Partial Grading Explained Question 2: Score 20/20 Your response
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Correct response Choose the appropriate term for the descriptions given below: Description Term a. Identifying, analyzing, and managing those risks that pose a threat to the achievement of the organization's objectives. Risk assessment (20%) b. A process, involving both ongoing activities and separate evaluations, that enables an organization to evaluate the effectiveness of its system of internal control over time. Monitoring (20%) c. The process of capturing and communicating operational, financial, and compliance-related information. Information and communication (20%) d. The foundation for all the other elements of internal control, setting the overall tone for the organization. Control environment (20%) e. Policies and procedures put in place by management to address the risks identified during the risk assessment process. Control activities (20%) Choose the appropriate term for the descriptions given below:
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Description Term a. Identifying, analyzing, and managing those risks that pose a threat to the achievement of the organization's objectives. Risk assessment b. A process, involving both ongoing activities and separate evaluations, that enables an organization to evaluate the effectiveness of its system of internal control over time. Monitoring c. The process of capturing and communicating operational, financial, and compliance-related information. Information and communication d. The foundation for all the other elements of internal control, setting the overall tone for the organization. Control environment e. Policies and procedures put in place by management to address the risks identified during the risk assessment process. Control activities Question 3: Score 20/20
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Your response Correct response Exercise 1.6: Investment Return You recently invested $12,000 of your savings in a security issued by a large company. The security agreement pays you 7 percent per year and has a maturity two years from the day you purchased it. What is the total cash flow you expect to receive from this investment, separated into the return on your investment and the return of your investment? Ex. 1.6
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answers - Question 1: Score 20/20 Identify the external...

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