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Question - As the senior accountant, the chief financial officer (CFO) has asked you to assemble a team to develop the internal controls for cash receipts and cash disbursements. The organization receives customer payments daily that are mailed to a central lockbox. Vendor payments are made once a week. All vendor invoices are received by mail. There are five employees in the accounting department, including yourself.
Explain the members of the organization whom you would place on the team, and explain how the team would work together to develop the internal controls.
Describe the internal control structure that the team would propose.
hocking corporations comparative balance sheet appears belowthe companys net income for the year was 10000 and its cash
You own 100% of the company with 4.52 million shares. The VC offers $1.09 million for 840,000 new shares. What is the implied price per share
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Word has gotten around that you know accounting and can explain it well. What does the cost of goods sold and gross profit mean
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Determine the proceeds from the bond, Record the issue of the bond and the bond issue cost
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