When a company allows only designated personnel to handle cash receipts, it is applying the internal control principle of
a : independent internal verification.
b : establishment of responsibility.
c : documentation procedures.
d : segregation of duties.

Partnerships are the most common type of business firms in the world. t/f

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?

Post test question number 9 for entering the job market