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estion 24 Physically locking up assets and electronically securing other assets and information is required by the internal control principle of: O restricting access. documenting procedures. segregation of duties establishing responsibilities.

estion 24 Physically locking up assets and electronically securing other assets and information is required by the internal control principle of: O restricting access. documenting procedures. segregation of duties establishing responsibilities.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
24
**Test Information** **Description:** Exam III Chapter 5, 6, and 7. Only one attempt allowed (75 minutes). You are allowed to use formula sheet and calculator. **Instructions:** - **Timed Test:** This test has a time limit of 1 hour and 25 minutes. This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. - **Multiple Attempts:** Not allowed. This test can only be taken once. - **Force Completion:** This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. --- **Progress Bar:** A progress bar is visible, showing the remaining time as "1 hour, 22 minutes, 55 seconds". **Question Completion Status:** This section seems to indicate which questions have been completed or need attention. --- **Question 24:** *Physically locking up assets and electronically securing other assets and information is required by the internal control principle of:* - restricting access. - documenting procedures. - segregation of duties. - establishing responsibilities. *Warning:* Moving to another question will save this response.
Transcribed Image Text:**Test Information** **Description:** Exam III Chapter 5, 6, and 7. Only one attempt allowed (75 minutes). You are allowed to use formula sheet and calculator. **Instructions:** - **Timed Test:** This test has a time limit of 1 hour and 25 minutes. This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. - **Multiple Attempts:** Not allowed. This test can only be taken once. - **Force Completion:** This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. --- **Progress Bar:** A progress bar is visible, showing the remaining time as "1 hour, 22 minutes, 55 seconds". **Question Completion Status:** This section seems to indicate which questions have been completed or need attention. --- **Question 24:** *Physically locking up assets and electronically securing other assets and information is required by the internal control principle of:* - restricting access. - documenting procedures. - segregation of duties. - establishing responsibilities. *Warning:* Moving to another question will save this response.
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