Participation Questions - Chapter 4

  • Due Oct 11, 2015 at 11:59pm
  • Points 7
  • Questions 5
  • Available Oct 5, 2015 at 1pm - Oct 11, 2015 at 11:59pm
  • Time Limit None

Instructions

Participation Questions for Chapter 4:

  • Name of one of the firms that are included in the top ten largest accounting frauds?
    • Tyco, Apple Computers, Blockbuster Video, or Home Depot
  • Name of movie that was used as an example for internal controls in the lecture?
    • Iron Man,  Step Brother, Employee of the Month, or The Breakfast Club
  •  What is at the bottom of the framework for internal controls pyramid?
    • Monitoring, Information and Communication, Control Environment, or Risk Assessment
  • What ‘opinion’ did the accounting firm offer on JC Penney’s financial statements for their year ended January 29, 2011?
    • Unqualified, Qualified, or Adverse
  • When reconciling a bank statement, journal entries are not needed for the bank side of the reconciliations. 
    • True or False
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