Multiple Choice
Which of the following statements is NOT true regarding source of capital transactions?
A) These processes should not be initiated unless there is specific authorization by management at a top level.
B) Source of capital processes will result in potential dividend or interest payments.
C) Retirement of debt is a source of capital process.
D) The fact that these transactions and processes cannot occur without oversight by top management means other controls are not necessary.
Correct Answer:
Verified
Correct Answer:
Verified
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