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lets a depositor know the financial position of the bank as of a certain date. 2IFRS Multiple Choice Question 233 The principles of internal control activities are used in the internationally but not in the U.S. in the U.S. and Canada but not globally. globally. U.S.but not globally. 3Multiple Choice Question 71 Postage stamps on hand are considered to be cash. petty cash. a prepaid expense. cash equiva