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Identify two control procedures for cash disbursements

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Question: A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash disbursements.

1. What are three basic guidelines that help achieve this protection?

2. Identify two control systems or procedures for cash disbursements.

3. Palm's balance sheet in Appendix A reports that cash and equivalents decreased during the fiscal year ended May, 31, 2009. Identify the cash generated (or used) by operating activities, by investing activities, and by financing activities.

Reference no: EM131533550

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