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Which of the following are controls that can be applied to capital assets? i - Examine and count capital assets on a regular basis ii - Place capital assets in a secure area iii - Tag assets with bar codes iv - Track individual assets in accounting records Select one: a. iv only b. iii and iv only c. all of i, ii, iii and iv d. ii, iii, and iv only

Which of the following are controls that can be applied to capital assets? i - Examine and count capital assets on a regular basis ii - Place capital assets in a secure area iii - Tag assets with bar codes iv - Track individual assets in accounting records Select one: a. iv only b. iii and iv only c. all of i, ii, iii and iv d. ii, iii, and iv only

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 4CYBK: Which of the following assertions is relevant to whether the cash balances reflect the true...
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Which of the following are controls that can be applied to capital assets? i - Examine and count capital assets on a regular basis ii - Place capital assets in a secure area iii - Tag assets with bar codes iv - Track individual assets in accounting records Select one: a. iv only b. iii and iv only c. all of i, ii, iii and iv d. ii, iii, and iv only

 

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