Consider the Following Statements as You Answer the Next Question

Multiple Choice

Consider the following statements as you answer the next question: i. Felix, a cash receipts clerk, applied Allison's payment to the invoices indicated on her remittance advice.ii. In purchasing books, Allison filled out a form on a bookstore's web site.iii. The bookstore's web site verified Allison's credit limit.iv. William, a warehouse worker, prepared Allison's books for shipment.The bookstore may need to complete the last step of the sales / collection process because:

A) It took Allison's order online.
B) It uses the open invoice method of processing receivables.
C) It does not outsource credit approval to a third party.
D) It has inadequate separation of duties.