Answer Happy

Two of your friends from high school will soon realize their lifetime dream of opening an English-style pub. They recently spoke with their accountant, who indicated that they should ensure that they implement some strong controls. They have no idea what the accountant was talking about.They know you are studying accounting and they have come to you for advice about what their accountant meant.
(c) The following is a list of control activities or things that create a strong control environment. 1. Hire competent ethical employees 2. Keep cash locked up 3. Have job descriptions 4. Ensure all cash receipts are deposited daily 5. Limit purchases to only authorized personnel 6. Ensure staff take vacations 7. Establish a code of conduct and follow it 8. Have a security system in place 9. Ensure applicable human resource policies are in place Which of the following correctly classify the items as a control activity or part of the control environment? O Control Activity: 1, 3, 7, 9; Control Environment: 2, 4, 5, 6, 8 O Control Activity: 1, 2, 5, 6, 8; Control Environment: 3, 4, 7, 9 O Control Activity: 2, 4, 5, 7, 8, 9; Control Environment: 1, 3, 6 O Control Activity: 2, 4, 5, 6, 8; Control Environment: 1, 3, 7, 9 O Control Activity: 1, 2, 3, 4, 5; Control Environment: 6, 7, 8, 9 O Control Activity: 2, 4, 5, 7, 9; Control Environment: 1, 3, 6, 8