investment in Branch account is less than the Home Office Current account?
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5MC: There are several elements to internal controls. Which of the following would not address the issue...
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which of the following would explain why the investment in Branch account is less than the Home Office Current account?
A. a cash transfer to the home office is in transit
b. a home office has received and deposited a remittance from a branch customer but has not yet notified the branch
c. an inventory shipment to the branch (at cost) in transit
d. a cash transfer to the branch is in transit
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