Author Question: An example of a corrective control is requiring that on a regular basis management must follow up on ... (Read 36 times)

saraeharris · **on:** Jul 5, 2018

An example of a corrective control is requiring that on a regular basis management must follow up on all errors and irregularities identified.

Indicate whether the statement is true or false

Question 2

On December 31, IOU Corporation issued 100,000 of 10-year, 8 bonds at 98. The bonds pay interest annually on December 31. How much cash did IOU Corporation receive when the bonds were issued?

A) 784,000
B) 100,000
C) 108,000
D) 98,000