165. ____ Routine activities that are meant to continually observe internal control activities.
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.
a. Cash equivalent
b. Bank reconciliation
c. Petty cash
d. Debit card
e. Credit card
166. ____ Minor amount of cash kept on hand.
167. ____ Short-term investments that have a maturity date no longer than three months from the date of purchase.
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