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Murljashka [212]
3 years ago
14

In 2011 a georgia woman named catherine griffin was indicted by a federal grand jury on charges of computer fraud by accessing i

nformation on government computers for private financial gain. it seems that catherine was paid to fraudulently obtain the federal governments 'first'time home buyer tax credits' for friends and relatives who were not eligible to receive the credits and had not purchased homes during the eligible time period. how did she do it? simple, she was hired as a seasonal employee by the irs which gave her access to the irs computer system. in exchange for $2000, she used her access to alter her co-conspirators taxpayer information, making them eligible for the government grants. the computer fraud charges each carry a maximum sentence of 5 years in prison and a fine of up to $250,000. catherine griffin's actions were not only criminal but also fell under the category of cybercrime because
Business
1 answer:
bazaltina [42]3 years ago
7 0
<span>Catherine Griffin's actions were not only criminal but also fell under the category of cybercrime because </span>she used a computer to access and alter data.  Computer Fraud criminalize the theft of electronic and/or magnetic impulse property. 

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Merchandise paid for within the discount period for a Cash refund was returned. This will be recorded with a A. credit to a liab
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The answer would be D: debit to an asset. Hoped this helped:)
5 0
3 years ago
Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all cos
Juli2301 [7.4K]

Answer:

WIP inventory       68,000 debit

Factory Overhead   8000 debit

     Raw Materials Inventory   76,000 credit

WIP inventory         55.000 debit

Factory Overhead  12,400 debit

  Factory Payroll payable       77,400 credit

WIP inventory       31,250 debit

   Factory overhead      31,250 credit

Finished Goods Inventory 73,750 debit

           WIP inventory              73,750 credit

Explanation:

<em><u>Direct Materials used:</u></em>

10,000 + 20,000 + 24,000 + 14,000 = 68,000

<em><u>Direct Labor used:</u></em>

8,000 + 17,000 + 18,000 + 12,000 = 55,000

<u>Overhead Applied:</u>

6,000 + 12,750 + 13,500 + 9,000 = 31,250

Overhead rate:

6,000 /  8,000 =  0.75

12,750 / 17,000 =  0.75

Finished goods:

24,000 + 49,750 = 73,750

7 0
3 years ago
The bank statement contained two bank memoranda:1. A credit of $2,242.00 for the collection for Bogalusa Company of an electroni
serious [3.7K]

Answer:

Cash                         2,157 debit

bank service expense 85 debit

   account receivables 2,242 credit

Explanation:

To record the bank memorand:

The collection in behalf of the firm will increase cash

The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.

Net cash variation: 2,242 - 85 = 2,157

For the Company errors another entry will be made looking for errors between our numebrs and the bank.

5 0
3 years ago
Explain the difference between common and preferred stock? List the advantages and disadvantages of each.
Juli2301 [7.4K]
Common stockholders will not receive any money before the preferred stock holders in the case of the company having to liquidate.  So thats a disadvantage.  Preferred stockholders tend to get higher dividends paid out to them, which is an advantage.  
7 0
3 years ago
Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis o
balu736 [363]

Answer:

B. Purchasing inventory on account

Explanation:

The Purchase of inventory on account is not recorded when the cash basis of accounting is recorded but where as it is recorded when accrual basis of accounting is used.

6 0
3 years ago
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