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aksik [14]
3 years ago
11

Which of the following actions is least likely to help prevent and detect schemes involving fraudulent invoices from non-accompl

ice vendors? a. Marking "paid" on every voucher that has been paid b. Verifying vendor address changes before disbursements are issued c. Matching all bank statement items to canceled checks d. Separating the duties of purchasing, authorizing, and distributing payments
Business
2 answers:
Valentin [98]3 years ago
7 0

Answer: C. Matching all bank statement items to canceled checks.

Explanation: To help prevent and detect schemes involving fraudulent invoice and non accomplice vendors, matching all bank statement items to canceled checks is the right option to go with.

This action have proved to be effective and to at least prevent fraudulent invoice by vendors.

Vladimir [108]3 years ago
5 0

Answer:

C

Explanation:

Billing scheme is an act of using false documentation to effect fraudulent payment for transaction that did not exist. One common way of doing this is through the creation of fictitious companies.

The options listed in the question are effective in mitigating this except matching all bank statements to canceled check.

This scheme deals more with false procurement and payment of the invoices , therefore it has nothing doing with canceled check and bank statements.

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The following information is available for Windsor, Inc. for the year ended December 31, 2017. Beginning cash balance $ 45,720 A
Diano4ka-milaya [45]

Answer:

<em>Cash generated for the year:</em>   348,793‬

ending cash:    394,513

Explanation:

<u>Operating Activities:</u>

Net Income     288,646

depreciation <u>   164,592  </u>

adjusted          453,238

change in Working capital:

AP decrease             3,759

Tax Payable               4,775

AR increase              (8,331)

Inventory increase <u>  (11,176)  </u>

total change            (10,973)

<em>cash generated from operating activities  442.265</em>

<em />

<u>Investing Activities</u>

proceed from land        35,560

purchase of building  (293,624)

<em>cash used from investing activities 258,064‬</em>

<u></u>

<u>Financing Activities</u>

issuance of shares    203,200

TS purchase                (26,416)

dividends paid             (12,192)

<em>cash generated from financing activities  164,592</em>

<em />

<em>Cash generated for the year:</em>   348,793‬

beginning cash                             45,720

ending cash                                 394,513

3 0
3 years ago
The federal law that establishes the right to collective bargaining and limits the interference of management in the right of em
marusya05 [52]

The federal law that establishes the right to collective bargaining and limits the interference of management in the right of employees to have a collective bargaining agent is the National Labor Relations Act of 1935.

<h3>What is the National Labor Relations Act?</h3>

The National Labor Relations Act of 1935 is a key piece of American labor legislation that protects employees working in the private sector's ability to form unions, participate in collective bargaining, and conduct collective action like strikes. An important part of the law prohibited corporate unions.

By giving workers in private-sector companies the fundamental right to demand better working conditions and choice of representation without fear of punishment, the NLRA safeguards workplace democracy.

Employees have the right under the National Labor Relations Act (NLRA) to establish or join unions, take part in protected, organized actions to address or improve working conditions, or refrain from taking part in these activities.

To know more about National Labor Relations Act refer to: brainly.com/question/17309523

#SPJ4

6 0
2 years ago
Jolly Giant Burgers purchased a commercial dishwasher by paying cash of $8,000. The dishwasher's fair value on the date of the p
gulaghasi [49]

Answer:

$9,100

Explanation:

Calculation for what amount will Bahama record the dishwasher

Using this formula

Amount to record

dishwasher=Cash+Transportation costs+Installation fees

Let plug in the formula

Amount to record dishwasher=$8,000 + $600 + $500

Amount to record dishwasher = $9,100

Therefore the Amount to record dishwasher will be $9,100

5 0
3 years ago
"Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a ne
Aneli [31]

Answer:

Need not make any special disclosure

Explanation:

The reason is that it is not a parent-subsidiary transaction which means if the group as a whole trade with each other then they must add a special disclosure in the financial statement otherwise it must be neglected. The company must not specially disclose small borrowings from the lenders when it is presenting that figure in the financial statement borrowing figures. If the transaction is between the group or the borrowings are prominent it must be disclosed separately in the note to financial statement.

8 0
3 years ago
If labor market institutions change so that it becomes easier to find a job, and unemployed people are unemployed for smaller du
Natasha_Volkova [10]
<span>The natural rate of employment would decline, because people would have better chances at finding a way of employment. This would help cut costs in government aid and help people feel more self-sufficient and secure in taking care of their families.</span>
7 0
3 years ago
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