Internal controls may be preventative, detective, corrective, or directive. Which is a detective control?

On March 15, a business receives an invoice from the power company for utilities used in February. The retailer pays the invoice on April 1. The business uses accrual-based accounting. Which month should the business recognize the expense?

Which choice is a general guideline for adequate separation of duties to prevent both fraud and error?

What does the cost of a unit of product under absorption costing method consist of?

Which answer best describes accruals and deferrals?

What do you call a situation where more than one person collaborates to circumvent existing internal controls?

Stockbrokers loan money to clients who have ____ accounts.

A credit card would be an example of a(n) ____________________ loan.

Under bush 43, the u.s. budget deficit neared __________ trillion dollars a year.

The goal of working capital management is to ________.

Generally, debt consolidation loans ____ monthly payments and ____ the interest rate on the debt.