Internal control benefits the organization in all of the following ways except: a. Allows for more informed decisions by internal and external users of the financial information. b. Improves the quality of information. c. Provides reasonable assurance regarding the reliability of the company's financial information. d. Increases the number of surprises faced by the market concerning the company's stock.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Internal control benefits the organization in all of the following ways except: a. Allows for more informed decisions by internal and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Parker Lane Cafe currently has $160,000 in cash, $380,000 in inventory, and $40,000 in accounts receivable. The company also has $40,000 in accounts payable, and $10,000 in other current liabilities. What is its quick ratio? a. 11.6: 1 b. 4: 1 c. 3.
Answers (1)
Joseph Company is considering replacing an existing piece of machinery with newer technology. In deciding whether to replace the existing machinery, management should consider which costs as relevant?
Answers (1)
Explain why the lower of cost or market rule is used to value inventory.
Answers (1)
Rimrock, Inc. used the aging of accounts receivable method. At December 31, management determined that the net realizable value of accounts receivable was $608,000.
Answers (1)
Bulbs and tubers are roots
Answers (1)
New Questions in Business
Despite having the highest overall GDP, the US ranks fifth for productivity when considering the GDP per hour worked. What contributes to this discrepancy?
Answers (1)
Consider the market for gasoline. Buyers a. would lobby for a price floor, whereas sellers would lobby for a price ceiling. b. and sellers would lobby for a price ceiling. c. and sellers would lobby for a price floor. d.
Answers (1)
Which of the following is the most likely example of a production industry
Answers (2)
Grand River Corporation reported taxable income of $500,000 in 20X3 and paid federal income taxes of $170,000.
Answers (1)
On January 1, year 9 SaniTruck, Inc. leases two specialized materials cleanup trucks with a fair value of $79,205 from TruxCo., a financing intermediary, for a lease term of 7 years. TruxCo.
Answers (1)