Core Concepts Of Accounting Information Systems, 14th Edition
14th Edition
ISBN: 9781119441465
Author: Mark G. Simkin
Publisher: WILEY
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Chapter 11, Problem 12CA
1.
To determine
Mention the security, availability, and privacy risks that B Company is facing.
2.
To determine
Suggest few internal controls B Company must use to protect against the risks they face.
To determine
Mention some of the specific actions an IT auditor would take to verify that K and S have adequate controls in place of concerning privacy.
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provide financial account answer
Cool water's total liabilities are
Larry's Building Supplies (LBS) is a local hardware store. LBS uses a
perpetual inventory system. The following transactions (summarized)
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a Sold merchandise for cash (cost of merchandise
b
$224,350)
Received merchandise returned by customers as
unsatisfactory (but in perfect condition) for a cash
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$ 5,00,000
$ 3,000
c Sold merchandise (costing $3,000) to a customer on
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$5,000
d Collected half of the balance owed by the customer in
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$2,500
e Granted a partial allowance relating to credit sales the
customer in (c) had not yet paid
$ 950
Required:
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2. Compute the gross profit percentage.
Chapter 11 Solutions
Core Concepts Of Accounting Information Systems, 14th Edition
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