超星 - Assignment 4

单选题

The three main components of the fraud triangle are:

A.rationalization, opportunity and greed.
B.opportunity, motive and lack of ethics.
C.motive, opportunity and rationalization.
D.none of the above.

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单选题

The Sarbanes-Oxley Act of 2002:

A. requires public companies to issue an internal control report.
B. requires an outside auditor to evaluate the soundness of a public company's internal controls.
C. requires public companies to issue a special report on the amount of collusion within a company.
D. A and B

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单选题

The objectives of internal control do NOT include:

A.compliance with standards of social responsibility.
B.safeguard assets.
C.promoting operational efficiency.
D.compliance with legal requirements.

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单选题

The person who prepares the bank reconciliation:

A.should also be responsible for cash receipts.
B.should also be responsible for cash disbursements.
C.should be responsible for both cash receipts and cash disbursements.
D.should have no other cash duties.

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单选题

The bookkeeper recorded a deposit of $100 as $10. On the bank reconciliation, this will be a(n):

A.addition of $90 to the balance per bank.
B.subtraction from the balance per bank.
C.addition of $90 to the balance per books.
D.subtraction of $90 to the balance per books.

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单选题

If a bookkeeper mistakenly records a disbursement as $47 instead of the correct amount of $74, the error should be shown on the bank reconciliation as a:

A.$27 addition to the balance per books.
B.$27 deduction from the balance per books.
C.$36 addition to the balance per books.
D.$36 deduction from the balance per books.

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单选题

A bank statement included a NSF check from customer Kim Fields for $2,100. The journal entry to record this reconciling item should:

A.debit NSF and credit Cash for $2,100.
B.debit Cash and credit Accounts Receivable for $2,100.
C.debit Accounts Receivable and credit Cash for $2,100.
D.debit Cash and credit NSF for $2,100.

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单选题

If a bank statement includes an EFT receipt of $200 for interest, the journal entry to record this reconciling item should include a:

A.debit to Cash for $200 and a credit to Interest Revenue for $200.
B.debit to Accounts Receivable for $200 and a credit to Interest Revenue for $200.
C.debit to Interest Revenue for $200 and credit to Cash for $200.
D.debit to Interest Expense for $200 and credit to Prepaid Interest for $200.

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单选题

Corbin Company was charged $25 for a check printing fee associated with their checking account. What journal entry is required?

A.Debit Miscellaneous Expense for $25 and credit Accounts Payable for $25.
B.Debit Miscellaneous Expense for $25 and credit Accounts Receivable for $25.
C.Debit Miscellaneous Expense for $25 and credit Cash for $25.
D.No journal entry is required.

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单选题

WhichisNOTanobjectiveofaninternalcontrolsystem?

A. Safeguardingofassets
B. Compliancewithcompanypolicies
Compliancewithlegalrequirements
D. Riskminimization

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