The answer to your question is going to be D: 29,000
The correct answer is choice b, incompatible duties.
There are three primary reasons why people commit fraudulent activity, which is represented in the Fraud Triangle. The three primary factors that lead to fraud are opportunity, financial pressure and rationalization.
By the use of Lifo in a period where the prices rise, companies avoid to report paper profit, also called phantom profit, as economic gain. Have in mind that in periods of changing prices, the cost flow assumption can have a significant impact onincome and on evaluations based on income. That is why when Lifo is used the companies tend to <span>report the lowest net income </span>