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Leno4ka [110]
3 years ago
10

Which of the following statements is FALSE? a. Liability understatements are easier to detect than other types of financial stat

ement fraud. b. A seasoned fraud examiner will look for unusual liability account changes to detect fraud. c. Companies in trouble have a strong motivation to understate liabilities. d. Analytical symptoms related to accounts payable understatements usually relate to reported balances that appear too low.
Business
1 answer:
stich3 [128]3 years ago
6 0

Answer:

Correct option is (a)

Explanation:

The statement that liability frauds are easier to detect than any other type of financial statement fraud is false. Asset overstatements or frauds are easier to detect than liability understatement. This is because, overstated assets are reported in the balance sheet while understated liabilities are not reported at all. So, they go undetected. Overstated assets can be analyzed by the investigators by analyzing the assets if they actually exist and if the amounts reported are genuine or not.

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Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where h
viktelen [127]

Answer:

more hours

Explanation:

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives

time is a limited resource that has to be shared between work and leisure. If the opportunity cost of leisure increases, it means he is giving up more work to rest. As a result, he would increase his work hours

3 0
3 years ago
BMW and United Airlines cannot be considered in the same industry analysis because they compete in different industries.
OleMash [197]

Answer: False

Explanation:

The statement that "BMW and United Airlines cannot be considered in the same industry analysis because they compete in different industries" is wrong.

It should be noted that both of them are in the mobility industry. The mobility industry refers to the industry which covers the broad range of the organisations which provide products and services thar are used to support domestic and international relocations and assignments.

7 0
3 years ago
Walnut has forecast sales for the next three months as follows: July 4,900 units, August 6,900 units, September 8,000 units. Wal
Andreas93 [3]

Answer:

the budgeted selling and administrative expenses for July is $64,100

Explanation:

The computation of the budgeted selling and administrative expenses for July is shown below:

= Budgeted selling & admin cost + (per unit sold × July units)

= $20,000 + ($9 × 4,900 units)

= $20,000 + $44,100

= $64,100

hence, the budgeted selling and administrative expenses for July is $64,100

We simply applied the above formula

3 0
2 years ago
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $300,000, vari
Ipatiy [6.2K]

Answer: $86700

Explanation:

The net operating income is used in knowing the profitability of an investment. The net operating income is gotten by subtracting the expenses from the revenue.

Based on the information given in the question, the net operating income is $86700. Kindly check the attachment for further details.

7 0
3 years ago
Collaborative and co-operative approach among all the stake holders is important. This is a feature of the _______________ agile
andrezito [222]

Collaborative and co-operative approach among all the stake holders is important. This is a feature of the Dynamic system development method of  agile methodology.

<h3>What is collaborative approach?</h3>

A collaborative  learning approach  can be described as one which involves the operation of the activities or  tasks together within a  group or organization so as to make sure  that everyone participates.

It should be noted that Collaborative and co-operative approach among all the stake holders is important because it help them to work , hand in hand for the progress of the organization.

Find out more on the Dynamic system at brainly.com/question/16797306

#SPJ1

5 0
2 years ago
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