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solong [7]
3 years ago
12

Common inherent limitations in internal control include ________.

Business
1 answer:
lianna [129]3 years ago
8 0

Answer:

A. ineffective understanding of the purpose of a control

Explanation:

Internal controls can be regarded as mechanisms or rules, as well as procedures put in place, by a company so that integrity of financial as well as accounting information, are ensured and to promote accountability as well as prevention of fraud. It should be noted that Common inherent limitations in internal control include ineffective understanding of the purpose of a control

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In respect to a balance sheet, a stock split will: Multiple Choice not affect the total value of any of the equity accounts. inc
scoundrel [369]

Answer:

A. not affect the total value of any of the equity accounts.

Explanation:

A balance sheet can be defined as a financial statement of an organization which is typically used to record financial informations liabilities, capital, shareholder's equity, assets, debts at a specific period of time.

In respect to a balance sheet, a stock split will not affect the total value of any of the equity accounts.

A stock split can be defined as a process in which a company divides its existing shares of the stock it owns into multiple new shares to its shareholders in proportion to the amount of their holdings. Thus, a stock split will not affect the total value of any of the equity accounts with respect to a balance sheet.

8 0
3 years ago
While preparing its bank reconciliation, how should nordstrom record funds approved by visa but not yet received since the trans
Gnom [1K]
<span>The records might not have been found because the transfer took more than or equal to two days.It could be approved by visa after the transfer will be done successfully.</span>
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4 years ago
List the four steps in the response model for answering behavioral interview questions
ahrayia [7]
Be nice no foal language
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3 years ago
The equilibrium point is at the confluence of the supply and demand curves. What does "confluence" mean?
sertanlavr [38]

Answer:

intersection point

Explanation:

Confluence means a meeting point or coming together. It is the point at which two or more variables join together. In the law of demand and supply, the equilibrium point is the level where demand meets supply. It is the intersection point of the demand and supply curves.

Confluence point of demand and supply curves will mean the quantity demanded and the quantity supplied will be equal. The confluence point will give a price and quantity acceptable by both buyers and suppliers. As the confluence of demand and supply curves, buyers are willing and able to purchase all the quantities firms are selling at that price level.

5 0
3 years ago
Question 2 of 10
Fiesta28 [93]

Answer:

a is it i think

Explanation:

4 0
3 years ago
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