165. ____ Routine activities that are meant to continually observe internal control activities. 04_161 Reference: 04_166 Listed below are five terms followed by a list of phrases that describe...

165. ____ Routine activities that are meant to continually observe internal control activities.

04_161

Reference: 04_166

Listed below are five terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the best term by placing the letter designating the term in the space provided.

Terms:

a. Cash equivalent

b. Bank reconciliation

c. Petty cash

d. Debit card

e. Credit card

166. ____ Minor amount of cash kept on hand.

04_166

167. ____ Short-term investments that have a maturity date no longer than three months from the date of purchase.

04_166