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_____, which constitute one of the most important elements of internal control, include separating responsibilities for related operations. a. Risk assessment activities

The purpose of the Sarbanes-Oxley Act is to ____.

In reference to a promissory note, the person who is to receive payment is called the ____.

Merchandise not sold at the end of the period is reported as _____.

Which of the following statements about retail and/or service businesses is true?

Since merchandise inventory is normally sold within a year, how is it reported on the balance sheet?

When preparing a bank reconciliation statement, outstanding checks would ____.

A 90-day, 10% note for $12,000 dated May 1 is received from a customer on account. The maturity value of the note is ____. (Assume 360 days in a year.)

The Sarbanes-Oxley Act requires publicly held companies and their independent accountants to ____.

Which of the following would be deducted from the cash balance per books on a bank reconciliation?