Which of the following statements is NOT true regarding source of capital transactions?
A)These processes should not be initiated unless there is specific authorization by management at a top level.
B)Source of capital processes will result in potential dividend or interest payments.
C)Retirement of debt is a source of capital process.
D)The fact that these transactions and processes cannot occur without oversight by top management means other controls are not necessary.

Question

Quizplus · Accepted Answer

The fact that these transactions and processes cannot occur without oversight by top management means other controls are not necessary.

Which of the Following Statements Is NOT True Regarding Source