Cash equivalents:
A) Are short-term, highly liquid investment assets.
B) Include 6-month CDs.
C) Include checking accounts.
D) Are recorded in petty cash.
E) Include money orders.
Correct Answer:
Verified
Q5: Internal control systems are:
A)Developed by the Securities
Q66: A bank statement includes:
A)A list of outstanding
Q67: Preparing a bank reconciliation on a monthly
Q69: Cash equivalents:
A) Include savings accounts.
B) Include checking
Q70: Cash,not including cash equivalents,includes:
A)Postage stamps.
B)Coins, currency, and
Q72: Internal control policies and procedures have limitations
Q73: Principles of internal control include all of
Q74: A company's internal control system:
A) Eliminates the
Q75: The impact of technology on internal controls
Q76: Basic bank services include:
A)Bank accounts.
B)Bank deposits.
C)Checking.
D)Electronic funds
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