The transactions and resulting processes related to loans, bonds payable, and stock should be executed only when:
A)Received funds have been expended through the purchase of fixed assets.
B)The transactions are completed.
C)Top supervi authorize them.
D)Top management or the board of directors authorize them.

Question

The transactions and resulting processes related to loans, bonds payable, and stock should be executed only when:
A)Received funds have been expended through the purchase of fixed assets.
B)The transactions are completed.
C)Top supervi authorize them. 
D)Top management or the board of directors authorize them.

Quizplus · Accepted Answer

The correct process for executing transactions related to loans, bonds payable, and stock involves obtaining authorization from top management or the board of directors. This ensures that such significant financial decisions are made with oversight and align with the organization's strategic goals.

The Transactions and Resulting Processes Related to Loans, Bonds Payable