Answer:
b. Liabilities are understated by $4,167 accrued interest payable
Explanation:
Answer:
A. Restrict access
C. Establish responsibility
D. Document procedures
B. Independently verify
Explanation:
A. Restrict access, as the password is set to address the cash register, that is a security is being provided, and this is because, there is a restricted access, for the safety purpose.
C. Establish responsibility - As the treasurer is held liable of making and receiving any checks, and that he is the person who shall monitor such things, related to transactions in checks.
D. Document procedures - since a list is prepared for the checks received in mail, it is mere preparation of records and documentation of what checks are received and what not.
B. Independently verify - Bank Reconciliation Statement is prepared to verify the transactions and match the balance in books with that of the bank pass book.
Answer:
D) Tax anticipation notes.
Explanation:
Short-term loans that are backed by the taxing power of the governmental unit and used to meet working capital requirements are called Tax anticipation notes. Tax anticipation notes are short-term notes or short-term loans, issued at a discount by the states or municipalities to finance current operations before tax revenues are received with a maturity period usually less than a year or a stated future date. Tax anticipation notes are used by municipalities to bridge funding gaps like to meet the working capital requirements.
Idk what the options are supposed to be but i know for sure that one of the answer is that it gives you $20,000 in student loans
