Week 8: Final Exam (Chs 7-13) Question 1 1 / 1 pts Physical controls to safeguard assets donotinclude cashier department supervisors. vaults. safety deposit boxes. locked warehouses. Question 2 1 / 1 pts At April 30, Kessler Company has the following bank information: What is Kessler's adjusted cash balance on April 30? $7,290. $7,320. $6,495. $7,305. $6,900 - $420 + $825 = $7,305 (Cash bal. - out. Checks + dep. In tran.)
Question 3 1 / 1 pts Which of the following isnota limitation of internal control? Cost of establishing control procedures should not exceed their benefit. The human element. Collusion. The size of the company. Question 4 1 / 1 pts If a check correctly written and paid by the bank for $628 is incorrectly recorded on the company's books for $682, the appropriate treatment on the bank reconciliation would be to add $54 to the book's balance. $682 - $628 = $54 subtract $54 from the book's balance. deduct $54 from the bank's balance. deduct $628 from the book's balance. IncorrectQuestion 5 0 / 1 pts In preparing a bank reconciliation, outstanding checks are added to the balance per bank. deducted from the balance per books. added to the balance per books. deducted from the balance per bank.
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