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Chester Company Has Established Internal Control Policies and Procedures in Order

Question 1

Multiple Choice

Chester Company has established internal control policies and procedures in order to achieve the following objectives:
1) Effective evaluation of management performance.
2) Assure that the accounting records contain reliable information.
3) Safeguard the company's assets.

Which of these objectives are achieved by accounting controls?


A) Objectives 1 and 2
B) Objectives 2 and 3
C) Objectives 3 and 4
D) All four objectives

Correct Answer:

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