RECOMMENDED!!ACC 107-To reconcile a bank statement

  

To reconcile a bank statement, _________ must be added to the bank balance because the company has recorded this increase in funds, but the bank has not recorded as of the statement date.a. outstanding depositsb. outstanding checksc. NFS checksd. interest revenueThe CEO of Howard Company does not abide by the internal controls that are in place in the company. He does not adhere to several corporate policies and frequently overrides controls related to separation of duties. He openly dismisses the corporate code of conduct. Communication of his disregards for corporate policies affects which component of the internal control?a. environmentb. risk assessmentc. monitoring of controlsd. information system___________ is NOT a goal of internal controlsa. Producing financial statements that always report profitsb. Safeguarding assetsc. Efficiency and effectiveness in operationsd. Reliable financial reportingInterest revenue earned on the account is a reconciling item that is typically ___________ in order to reconcile the book balance to the bank statement.a. added to the bank balanceb. subtracted from the bank balancec. added to the book balanced. subtracted from the book balanceA system that allows customers’ payments to be deposited directly into the bank with no interaction from employees is a(n) __________ system.a. online bankingb. point of salec. voucherd. lock-box