please see attachment
Question 11 options:
What is the role of the Sarbanes-Oxley Act and the Public Company Accounting Oversight Board?
What is an example of
incentive as one of the three elements causing a person to commit fraud?
Why is it important to have a very sound and well-developed internal control structure?
What is the purpose of the bank reconciliation?
Question 14 options:
What is the matching principle?
Question 15 options:
On January 1, a flower shop contracts with customers to provide flowers for their wedding on June 2. The total contract price is $3,000, payable in equal installments for the next six months on the first of each month (with the first payment due January 1). How much will be recorded as revenue during the month of April?
Question 16 options:
What are some possible negative signals when the product of the accounts receivable turnover ratio is lower (i.e., fewer times)?
Question 17 options:
What is the installment method?
Question 18 options:
What should be done if differences are found between the bank statement and the book account?
Question 19 options:
Why is it important to have a petty cash fund available in a company?
Question 20 options:
Discuss the importance of a company having proper insurance and bonding its employees.
Question 21 options:
What are the two most common receivables ratios, and what do these ratios tell a stakeholder about the company?
Question 22 options: