A company holds bearer bonds as a short-term investment. Responsibility for custody of these bonds and submission of coupons for collections of periodic interest probably should be delegated to the

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Bearer bonds are negotiable securities that can be transferred by delivery, and the ownership can be transferred without any endorsement or registration. Therefore, it is important to assign the responsibility of custody and submission of coupons to a person or department that has expertise in handling investments. The Treasurer is the best choice for this responsibility as this is usually the person or department responsible for managing a company's investments. The Chief Accountant is responsible for accounting and financial reporting, while the Internal Auditor is responsible for evaluating the internal control system. The Cashier is responsible for handling cash transactions.

A Company Holds Bearer Bonds as a Short-Term Investment