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KATRIN_1 [288]
3 years ago
10

Steven is moving into his first apartment in a few weeks and has been busy packing. In addition to the things he has purchased w

ith money earned from his full-time job, his parents have told him that he can take the furniture in his bedroom and his bedding when he moves out. His parents are providing for him with which type of income:
A. earned income
B. in-home income
C. gift income
D. in-kind income
Business
1 answer:
sergey [27]3 years ago
3 0

Answer: In-kind income.

Explanation:

Steven's parents has offered him with in-kind income by offering him with furnitures he needs to furnish his new apartment.

In-kind income are income given to an individual that are of value but not money itself. Examples of such income are: clothing, furniture, cars etc.

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Dividing tasks between employees always eliminates the possibility of collusion, but this is wrong.

Segregation of duties is important for effective internal control because it reduces the risk of errors or improper conduct. Preventing collusion helps fight fraud.

Separation of duties is an important practice to reduce the occurrence of errors and fraud by ensuring that employees do not have the opportunity to commit or conceal errors or fraud in the performance of their duties. That is internal control.

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A.

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Answer:

$57,400

Explanation:

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Scott's suggestion that his boss adds snow removal as an extra service shows Scott acting on intuition.

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