Author Question: ______________________________ is a processeffected by an entity's board of directors, management, ... (Read 96 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
___________________ ___________ is a processeffected by an entity's board of directors, management, and other personneldesigned to provide reasonable assurance regarding the achievement of objectives such as: effectiveness and efficiency of operations, reliability of reporting, and compliance with applicable laws and regulations.
 Fill in the blank(s) with correct word

Question 2

Clean Sweep, Inc. paid 7,200 on May 1, 2011 for 12 months' insurance coverage starting May 1. How much insurance expense should appear on the company's balance sheet at December 31, 2011?
 
  A) 7,200
  B) 4,200
  C) 4,800
  D) 0. Insurance expense does not appear on the balance sheet.



bpool94

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

Internal control

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

For a complete list of videos, visit our video library