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Which of the following is not a limitation of internal control?

A) Cost of establishing control procedures should not exceed their benefit

B) The human element

C) Collusion

D) The size of the company

Bonds that may be exchanged for common stock at the option of the bondholders are called

A) options.

B) stock bonds.

C) convertible bonds.

D) callable bonds.

Will you let me know if these are correct? Thank you a whole lot for your help.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9395613

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