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Assignment
Write a 750- to 1,050-word paper in which you:
• Explain the principles of internal control.• Explain the use of cash and internal controls to prevent fraud.• Explain why corporations invest in stocks and debt securities.• Explain how debt and stock investments are reported in financial statements.
Format your paper according to APA guidelines.
Cite 3 peer-reviewed, scholarly, or similar references to support your paper.
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Sweeney originally contributed $222,000 in cash for a one-fourth interest in the Gilbert LLC. During the time Sweeney was a member of the LLC, his share of the LLC’s income was $133,200 and he withdrew $88,800 cash. How much is Sweeney’s gain on the ..
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Determine Bad debt from uncollected rent
Investments include $120,000 of trading securities, $180,000 of debt securities with a maturity date of January 15, 2014, and $140,000 of money market funds.Prepaid rent relates to an advance payment for the period from January 1, 2013 - August 31, 2..
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