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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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Answer:

C, The unsold additions to inventory at an appliances store.

Explanation:

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Since the unsold additions are not sold, there's no money coming from it, thus it is not counted in GDP.

Bonus: If you order clothes from Thailand, that is called GNP. It counts as Thailand's GDP because the money is going into the country, and it counts as America's GNP as you are buying goods from another country.

3 0
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The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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3 years ago
Which of the examples provides the best evidence that inflation has occurred? A person whose salary has decreased is able to pur
vladimir2022 [97]

Answer:

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Explanation:

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7 0
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Lyrx [107]

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Incorrect

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