ACCT 212 Week 4 Quiz
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$20.00
| Institution | ACCT 212 Financial Accounting |
| Contributor | Jessica Brown |
- Question: The Sarbanes-Oxley Act of 2002 applies to all companies that:
- Question: Consistent with the COSO framework, an effective internal control system includes the control environment. The control environment refers to:
- Question: Effective internal control over cash includes the requirement that:
- Question: The Sarbanes-Oxley Act (SOX) mandates which of the following?
- Question: The component of internal control that includes the policies and procedures that help ensure that management's directives are being carried out is:
- Question: Which of the following is an example of detective controls?
- Question: Cash may not include:
- Question: A company has the following aging schedule of its accounts receivable with the estimated percent uncollectible: …………. Assuming the balance of Allowance for Uncollectible Accounts is $3,000 (credit) before adjustment, which of the following would be recorded in the year-end adjusting entry?
- Question: At December 31, Gill Co. reported accounts receivable of $233,000 and an allowance for uncollectible accounts of $1,600 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:
- Question: Gershwin Wallcovering Inc. shipped the wrong shade of paint to a customer. The customer agreed to keep the paint upon being offered a 15% price reduction. The price reduction is an example of a:
| Instituition / Term | |
| Term | Summer 2021 |
| Institution | ACCT 212 Financial Accounting |
| Contributor | Jessica Brown |
