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Suppose a company has one retail store with plans to open at least two additional...

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Accounting

Suppose a company has one retail store with plans to open at least two additional kiosks in a shopping mall.

Other retail outlets and expansion plans may be in the works.

1. List the seven principles of internal control and explain how a retail outlet might implement each of the principles in its store.

2. Do you believe that a retail outlet will need to add controls to the business as it expands? Explain.

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