Explain the ways by which F’s misappropriation could be discovered.

Question

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Answer 1

Question

Chapter 7, Problem 2AP

a.

1.

To determine

Explain the ways by which F’s misappropriation could be discovered.

2.

To determine

Explain the other way by which F’s misappropriation could be discovered, if the subsidiary ledger is destroyed by F.

3.

To determine

Explain the other way by which F’s misappropriation could be discovered, if F posted the payment received from Customer A in the subsidiary ledger and opened another fictitious account for $200.

4.

To determine

Explain the reasons for F being very anxious to open the mail receipts from customers every morning.

5.

To determine

Explain the reasons for F desiring to have authority over writing off the uncollectible accounts receivable.

b.

To determine

Describe the way in which, a free doughnut that is given free when the prominent sign is displayed is the internal control device for the shop.

c.

To determine

Mention the internal control procedures that should prevent the money embezzlement.

d.

To determine

Mention the internal control weakness in the procedures in the given situation, and mention the procedures that could strengthen the control procedures.

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Answer 2

Question

Chapter 7, Problem 2AP

a.

1.

To determine

Explain the ways by which F’s misappropriation could be discovered.

2.

To determine

Explain the other way by which F’s misappropriation could be discovered, if the subsidiary ledger is destroyed by F.

3.

To determine

Explain the other way by which F’s misappropriation could be discovered, if F posted the payment received from Customer A in the subsidiary ledger and opened another fictitious account for $200.

4.

To determine

Explain the reasons for F being very anxious to open the mail receipts from customers every morning.

5.

To determine

Explain the reasons for F desiring to have authority over writing off the uncollectible accounts receivable.

b.

To determine

Describe the way in which, a free doughnut that is given free when the prominent sign is displayed is the internal control device for the shop.

c.

To determine

Mention the internal control procedures that should prevent the money embezzlement.

d.

To determine

Mention the internal control weakness in the procedures in the given situation, and mention the procedures that could strengthen the control procedures.

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Answer 3

Question

Chapter 7, Problem 2AP

a.

1.

To determine

Explain the ways by which F’s misappropriation could be discovered.

2.

To determine

Explain the other way by which F’s misappropriation could be discovered, if the subsidiary ledger is destroyed by F.

3.

To determine

Explain the other way by which F’s misappropriation could be discovered, if F posted the payment received from Customer A in the subsidiary ledger and opened another fictitious account for $200.

4.

To determine

Explain the reasons for F being very anxious to open the mail receipts from customers every morning.

5.

To determine

Explain the reasons for F desiring to have authority over writing off the uncollectible accounts receivable.

b.

To determine

Describe the way in which, a free doughnut that is given free when the prominent sign is displayed is the internal control device for the shop.

c.

To determine

Mention the internal control procedures that should prevent the money embezzlement.

d.

To determine

Mention the internal control weakness in the procedures in the given situation, and mention the procedures that could strengthen the control procedures.

Expert Solution & Answer

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Answer 4

Question

Chapter 7, Problem 2AP

a.

1.

To determine

Explain the ways by which F’s misappropriation could be discovered.

2.

To determine

Explain the other way by which F’s misappropriation could be discovered, if the subsidiary ledger is destroyed by F.

3.

To determine

Explain the other way by which F’s misappropriation could be discovered, if F posted the payment received from Customer A in the subsidiary ledger and opened another fictitious account for $200.

4.

To determine

Explain the reasons for F being very anxious to open the mail receipts from customers every morning.

5.

To determine

Explain the reasons for F desiring to have authority over writing off the uncollectible accounts receivable.

b.

To determine

Describe the way in which, a free doughnut that is given free when the prominent sign is displayed is the internal control device for the shop.

c.

To determine

Mention the internal control procedures that should prevent the money embezzlement.

d.

To determine

Mention the internal control weakness in the procedures in the given situation, and mention the procedures that could strengthen the control procedures.

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Answer 5

Chapter 7, Problem 2AP

a.

1.

To determine

Explain the ways by which F’s misappropriation could be discovered.

2.

To determine

Explain the other way by which F’s misappropriation could be discovered, if the subsidiary ledger is destroyed by F.

3.

To determine

Explain the other way by which F’s misappropriation could be discovered, if F posted the payment received from Customer A in the subsidiary ledger and opened another fictitious account for $200.

4.

To determine

Explain the reasons for F being very anxious to open the mail receipts from customers every morning.

5.

To determine

Explain the reasons for F desiring to have authority over writing off the uncollectible accounts receivable.

b.

To determine

Describe the way in which, a free doughnut that is given free when the prominent sign is displayed is the internal control device for the shop.

c.

To determine

Mention the internal control procedures that should prevent the money embezzlement.

d.

To determine

Mention the internal control weakness in the procedures in the given situation, and mention the procedures that could strengthen the control procedures.

Answer 6

Chapter 7, Problem 2AP

a.

1.

To determine

Explain the ways by which F’s misappropriation could be discovered.

Answer 7

Chapter 7, Problem 2AP

a.

1.

To determine

Explain the ways by which F’s misappropriation could be discovered.

Answer 8

2.

To determine

Explain the other way by which F’s misappropriation could be discovered, if the subsidiary ledger is destroyed by F.

Answer 9

2.

To determine

Explain the other way by which F’s misappropriation could be discovered, if the subsidiary ledger is destroyed by F.

Answer 10

3.

To determine

Explain the other way by which F’s misappropriation could be discovered, if F posted the payment received from Customer A in the subsidiary ledger and opened another fictitious account for $200.

Answer 11

3.

To determine

Explain the other way by which F’s misappropriation could be discovered, if F posted the payment received from Customer A in the subsidiary ledger and opened another fictitious account for $200.

Answer 12

4.

To determine

Explain the reasons for F being very anxious to open the mail receipts from customers every morning.

Answer 13

4.

To determine

Explain the reasons for F being very anxious to open the mail receipts from customers every morning.

Answer 14

5.

To determine

Explain the reasons for F desiring to have authority over writing off the uncollectible accounts receivable.

Answer 15

5.

To determine

Explain the reasons for F desiring to have authority over writing off the uncollectible accounts receivable.

Answer 16

b.

To determine

Describe the way in which, a free doughnut that is given free when the prominent sign is displayed is the internal control device for the shop.

Answer 17

b.

To determine

Describe the way in which, a free doughnut that is given free when the prominent sign is displayed is the internal control device for the shop.

Answer 18

c.

To determine

Mention the internal control procedures that should prevent the money embezzlement.

Answer 19

c.

To determine

Mention the internal control procedures that should prevent the money embezzlement.

Answer 20

d.

To determine

Mention the internal control weakness in the procedures in the given situation, and mention the procedures that could strengthen the control procedures.

Answer 21

d.

To determine

Mention the internal control weakness in the procedures in the given situation, and mention the procedures that could strengthen the control procedures.

Answer 22

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Answer 23

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Answer 24

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Answer 25

Ch. 7 - Prob. 1SSQ Ch. 7 - Prob. 2SSQ Ch. 7 - Prob. 3SSQ Ch. 7 - Prob. 4SSQ Ch. 7 - Prob. 5SSQ Ch. 7 - Prob. 6SSQ Ch. 7 - Prob. 7SSQ Ch. 7 - Prob. 8SSQ Ch. 7 - Prob. 9SSQ Ch. 7 - Prob. 10SSQ

Explain the ways by which F’s misappropriation could be discovered.

Explain the ways by which F’s misappropriation could be discovered.

Explain the other way by which F’s misappropriation could be discovered, if the subsidiary ledger is destroyed by F.

Explain the other way by which F’s misappropriation could be discovered, if F posted the payment received from Customer A in the subsidiary ledger and opened another fictitious account for $200.

Explain the reasons for F being very anxious to open the mail receipts from customers every morning.

Explain the reasons for F desiring to have authority over writing off the uncollectible accounts receivable.

Describe the way in which, a free doughnut that is given free when the prominent sign is displayed is the internal control device for the shop.

Mention the internal control procedures that should prevent the money embezzlement.

Mention the internal control weakness in the procedures in the given situation, and mention the procedures that could strengthen the control procedures.

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Chapter 7 Solutions