Clearly establishing responsibilities and assigning all accounting activities to one person is an important principle of internal control. a) true
b) false

b) False

Explanation:

Internal control refers to the process in which the assurance is given with respect to the objectives of an organization so that the operations of an organization could be done in an efficient and effective manner. Moreover, it should also compliance with rules and regulations

There are various principles of the internal control system that includes separation of duties, authorization of business transactions and its activities, keeping physical records and control over assets

Therefore the given statement is false

$14,760 million

Explanation:

The computation of the free cash flow is shown below:

= EBIT × (1 -Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - net capital Expenditure.

= $17,400 + $0 - $30 million - $2,610 million

= $14,760 million

Simply we deduct the changes in net working capital and net capital expenditure from the EBIT (1 - tax rate) so that the accurate value can come.