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A Moving to another question will save this response. Question 31 of 40 Question 31 4 points tower shop makes a large sale. They sale and the the towers to a customer for $1,000 on November 30. The customers and a statement on December 5 and a check is received on December 10. The flower shop follows GAAP and applies the revenue recognition ople Wiena the 51.000 considered to be recognized December 5 December 10 November 30 December 1 A Moving to another question will save this response Question 31 40 A Moving to another question will save this response. Question 32 Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them Increases the potential for errors and traud Decreases the potential for errors and fraud, is an example of good internal control O is a good example of safeguarding the company's assets. Moving to another question will save this response. Moving to another question will save this response. Question 33 Sunshine, Inc. failed to adjust prepaid insurance for insurance that had partly expired. The original entry was recorded by debiting the prepaid insurance asset account, this will result in An overstatement of assets and an understatement of expenses An understatement of assets and an understatement of expenses An overstatement of assets and an overstatement of expenses An understatement of assets and an overstatement of expenses A Moving to another question will save this response. Question 31 of 40 Question 31 4 points tower shop makes a large sale. They sale and the the towers to a customer for $1,000 on November 30. The customers and a statement on December 5 and a check is received on December 10. The flower shop follows GAAP and applies the revenue recognition ople Wiena the 51.000 considered to be recognized December 5 December 10 November 30 December 1 A Moving to another question will save this response Question 31 40 A Moving to another question will save this response. Question 32 Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them Increases the potential for errors and traud Decreases the potential for errors and fraud, is an example of good internal control O is a good example of safeguarding the company's assets. Moving to another question will save this response. Moving to another question will save this response. Question 33 Sunshine, Inc. failed to adjust prepaid insurance for insurance that had partly expired. The original entry was recorded by debiting the prepaid insurance asset account, this will result in An overstatement of assets and an understatement of expenses An understatement of assets and an understatement of expenses An overstatement of assets and an overstatement of expenses An understatement of assets and an overstatement of expenses

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