11:02 Take Quiz Question 1 SarbanesOxley applies to: publicly held companies O privately held companies not-for-profit o
Posted: Sun Jun 05, 2022 9:14 pm
Question 1 SarbanesOxley applies to: publicly held companies O privately held companies not-for-profit organizations O bankrupt companies D Question 2 An element of internal control is O journals O subsidiary ledgers control procedures controlling accounts Question 3 Exit 1 pts 1 pts 1 pts
11:02 Take Quiz Question 3 1 pts A company uses this element of control to assess how well they are handling and dealing with risks, as well as the impact and likelihood of the risk: O proofs and security measures information and communication O monitoring Exit risk assessment D Question 4 1 pts "To maintain public confidence and trust in the financial reporting of companies" is the purpose of: the FASB the IRS Sarbanes-Oxley O GAAP
11:02 Take Quiz Question 5 3 pts Plantar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30. Cash balance per books. 9/30 $2.750 Deposits in transit 200 Notes receivable and interest 630 collected by bank Bank charge for check 50 printing Outstanding checks 1,250 NSF check 290 $3,040 $5,130 O $3,690 $1,590 Exit
11:02 Take Quiz Question 6 1 pts Accompanying the bank statement was a debit memo for bank service charges. On the bank reconciliation, the item is an addition to the balance per bank statement O a deduction from the balance per company's records an addition to the balance per company's records O a deduction from the balance per bank statement Question 7 1 pts The amount of deposits in transit is included on the bank reconciliation as a(n) addition to the balance per bank statement addition to the balance per company books O deduction from the balance per the company's books deduction from the balance per bank statement Exit
11:02 Take Quiz D Question 8 During a bank reconciliation process. outstanding checks and deposits in transit are added to the bank statement balance O outstanding checks and deposits in transit are subtracted from the bank statement balance outstanding checks are subtracted and deposits in transit are added to the bank statement balance O outstanding checks are added and deposits in transit are subtracted from the bank statement balance Quiz saved at 11:01pm Time Elapsed: Hide Time Attempt due: Jun 8 at 11:59pm Exit 1 pts Submit Quiz
11:02 Take Quiz 11:02 Take Quiz Question 3 1 pts A company uses this element of control to assess how well they are handling and dealing with risks, as well as the impact and likelihood of the risk: O proofs and security measures information and communication O monitoring Exit risk assessment D Question 4 1 pts "To maintain public confidence and trust in the financial reporting of companies" is the purpose of: the FASB the IRS Sarbanes-Oxley O GAAP
11:02 Take Quiz Question 5 3 pts Plantar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30. Cash balance per books. 9/30 $2.750 Deposits in transit 200 Notes receivable and interest 630 collected by bank Bank charge for check 50 printing Outstanding checks 1,250 NSF check 290 $3,040 $5,130 O $3,690 $1,590 Exit
11:02 Take Quiz Question 6 1 pts Accompanying the bank statement was a debit memo for bank service charges. On the bank reconciliation, the item is an addition to the balance per bank statement O a deduction from the balance per company's records an addition to the balance per company's records O a deduction from the balance per bank statement Question 7 1 pts The amount of deposits in transit is included on the bank reconciliation as a(n) addition to the balance per bank statement addition to the balance per company books O deduction from the balance per the company's books deduction from the balance per bank statement Exit
11:02 Take Quiz D Question 8 During a bank reconciliation process. outstanding checks and deposits in transit are added to the bank statement balance O outstanding checks and deposits in transit are subtracted from the bank statement balance outstanding checks are subtracted and deposits in transit are added to the bank statement balance O outstanding checks are added and deposits in transit are subtracted from the bank statement balance Quiz saved at 11:01pm Time Elapsed: Hide Time Attempt due: Jun 8 at 11:59pm Exit 1 pts Submit Quiz