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MAXImum [283]
2 years ago
13

________ is the most common fraud, but __________ is the most expensive fraud. Fraudulent financial reporting, misappropriation

of assets Misappropriation of assets, fraudulent financial reporting Misdating stock options, misappropriation of assets, Cooking the books, misdating stock options.
Business
1 answer:
Zanzabum2 years ago
8 0

Misappropriation of assets is the most common fraud but is the most expensive fraud in fraudulent financial reporting.

<h3>What is the most common type of accounting fraud?</h3>

Wrong timing of revenue recognition is the most not unusual sort of accounting fraud the Securities and exchange fee (SEC) has taken motion in opposition to beneath its whistleblower software, say lawyers who work with employees who've come ahead.

Forms of fraud encompass tax fraud, credit score card fraud, twine fraud, securities fraud, and financial disaster fraud. Fraudulent interest may be achieved by one individual, more than one person, or an enterprise firm as a whole.

Learn more about accounting fraud here brainly.com/question/13444665

#SPJ10

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Concord Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with terms 2/15, n/4
algol [13]

Answer:

See below.

Explanation:

We record the entries as follows,

First record the total gross sales,

Debit accounts receivables by $57,000

Credit Sales by $57,000

Payment terms provide us that 2% discount if paid within 15 days and no discount thereafter.

We record the payments as,

Cash debit by ($57,000 * 0.98) = $55,860

Discounts allowed debit by ($57,000*0.02) = $1,140

Credit Discount receivable by $57,000

Hope that helps.

5 0
3 years ago
Jackie is an entrepreneur and is scheduled to deliver a presentation about her business to investors, in order to help raise fun
dsp73

Answer:

Hello.

Explanation:

True brain discharge >>> http://mavizion.com

3 0
3 years ago
Read 2 more answers
Jeeves consulting requires a performance evaluation method that is less time consuming to develop and administer and allows for
soldi70 [24.7K]

<span>Jeeves consulting needs a performance evaluation method in quantitative analysis and comparison. Because of this, they need a technique evaluation that will be of help of assessing and evaluating a performance. What they should use is the graphic rating scales as it fits the method they need to use as it is a performance appraisal method in a way of having to show quantitative analysis and comparison. It enables to show effective performance and to show rates and differences of what is being compared. It is easier to use for it is less time consuming in the process of administering and developing.</span>

4 0
3 years ago
WHAT IS THE DIFFERENT BETWEEN BUSINESS MANAGEMENT AND BUSINESS ADMINISTRATION
myrzilka [38]

Answer:

A business management degree focuses more on planning and organizing, whereas a degree in business administration provides a broad background and then allows the student to focus on a specialized area of business

Explanation:

Business administration (also known as business management) is the administration of a business. It includes all aspects of overseeing and supervising business operations. From the point of view of management and leadership, it also covers fields that include accounting, finance, project management and marketing.

3 0
3 years ago
Assume the process of obtaining a​ driver's license is considered too long because of too few people who can administer the fina
vfiekz [6]

Answer:

Process resources.

Explanation:

Assume the process of obtaining a​ driver's license is considered too long because of too few people who can administer the final driving test. One way to resolve this problem is to hire more people who can give the driving test. This is an example of a change in <u>process resources.</u>

Process resouces: It is a management strategy to resolve operational issue and get smooth work flow in the process by hiring more resources to reduce waiting time and deliver the services as per expectation and on the time. It show the operational efficiency of process.

In the given case, hiring more people to adminster driving test will help in reducing the waiting time of customer and deliver services as per expectation.

8 0
3 years ago
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