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Mamont248 [21]
3 years ago
11

The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th

e reliability of financial reporting, the effectiveness and efficiency of operations, and:A. Compliance with applicable laws and regulations.B. Effectiveness of prevention of fraudulent occurrences.C. Safeguarding of entity equity.D. Incorporation of ethical business practice standards.
Business
1 answer:
Lina20 [59]3 years ago
7 0

Answer:

A. Compliance with applicable laws and regulations.

Explanation:

The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to the reliability of internal and external reporting, the effectiveness and efficiency of operations, and Compliance with applicable laws and regulations.

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Exercise 7-6 (Algo) Cash discounts; the gross method [LO7-3] Harwell Company manufactures automobile tires. On July 15, 2021, th
babymother [125]

Answer and Explanation:

1. Journal Entries

July 15                    Accounts Receivable                             $66,000

                                                Sale Revenue                                    $66,000

July 23                   Cash                                                          $64,680

                              Sales discount                                            1320

                                           Accounts Receivable                              66,000

2. Journal Entries

July 15                     Accounts Receivable                             $66,000

                                                Sale Revenue                                    $66,000

August 15                   Cash                                                          $66,000

                                           Accounts Receivable                              66,000

5 0
3 years ago
An institutional review board (IRB) helps to ensure the safety of subjects of review. Who typically sits on such a board?
kipiarov [429]

Answer:

The answer to your question is A. Academic scholars

Explanation:

Institutional review boards are most often found at research universities. These boards have the ability to stop a research project if they have concerns about the safety of the subjects.

7 0
2 years ago
Compared to the other coaches, Doug seems to...
Brut [27]

There are different kinds of theories. Compared to the other coaches, Doug seems to resemble more characteristics of Theory Y.

<h3>What does Theory Y assumes?</h3>

Theory Y is known to state or talks about a positive aspect or view of human nature and it is known to also assumes that people are generally industrious, creative, etc. and they can handle  responsibility and also be self-controlled in their jobs.

<h3 />

Theory Y managers are known to have the following qualities such as being optimistic, having positive opinion about other people, etc.

See full question below

Compared to the other coaches, Doug seems to resemble more ________ characteristics.

Multiple Choice

extrinsic

Theory Y

Theory X

evidence-based

contingent

Learn more about Theory Y from

brainly.com/question/25813547

7 0
2 years ago
Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f
Alina [70]

Answer:

$21.44

Explanation:

Calculation for the cost per equivalent unit for materials for the month in the first processing department

First step

Units completed and transferred out $7,500

Ending inventory($800+$8,400-$7,500)*70% Ending inventory =1,700*70%

Ending inventory =$1,190

Equivalent units for Materials $8,690

($7,500+$1,190)

Total materials costs $186,300

Second step

Cost per equivalent unit for materials=Total materials costs÷ Equivalent units for Materials

Cost per Equivalent unit for Materials $186,300÷$8,690

Cost per Equivalent unit for Materials=$21.44

Therefore the cost per equivalent unit for materials for the month in the first processing department is closest to $21.44

8 0
3 years ago
GASB has issued a proposed standard that would more clearly define fiduciary activities and change the categories of fiduciary f
kramer

Answer:

a. Custodial fund

Explanation:

Custodial transaction and fund refers to the transaction, in which there is a beneficiary and a responsible. The responsible person manages the transactions of custodial account, and takes proper care of return and investment on such account.

This is basically an agency service as the person who is beneficiary is just depositing the amount top be invested which is then taken care of as an agent.

The correct option is a.

Custodial Fund.

3 0
3 years ago
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