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elena-s [515]
3 years ago
11

The intentional, deliberate misstatement, or omission of material facts or accounting data that is misleading and, when consider

ed with all the information made available, that would cause the reader to change or alter his or her judgment or decision is defined by the Association of Certified Fraud Examiners as:
Business
1 answer:
maw [93]3 years ago
6 0

Answer:

Financial statement fraud

Explanation:

Financial statement fraud -  it is referred to as the alternations in financial statements that are induced by the company's itself The main reason behind alternation in the financial statements is due to the mislead people dealing with finance and developed the false picture of the company's financial information.

some ways through which financial statement fraud can be done are

- by making false entries

- altering the finance statement by changing the data value

- inducing false information

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It is currently 2018 and you are the mayor of Snowville, IL. Your public works department has determined that your town’s main h
Scorpion4ik [409]

Answer:

the net cost for delaying the project will be of 36,120 dollars.

Explanation:

4,300,000 investment

if delayed will increase by 9%

4,300,000 x 0.09 = 387,000 inrease in cost

this cost will be mitigated by the revenue on the interest.

the funds will be placed at 4% per year during two years:

4,300,000 x (1.04^2 - 1) = 350.880‬ interest revenue

net : 36,120

6 0
4 years ago
Schneider Inc. had salaries payable of $61,600 and $90,000 at the end of 2017 and 2018, respectively. During 2018, Schneider rec
BARSIC [14]

Answer:

$593,000

Explanation:

Given data  for Schneider Inc.

Salaries payable at the beginning of 2018 (end of 2017) = $61,600

Salary expense during the year (2018) = $621,400

Salary payable at end of year (2018) = $90,000

Salaries paid = ?

Let the salaries paid = S

Using the formula

Salaries payable at the beginning of 2018 + Salary expense during the year - Salaries paid = Salary payable at end of year

$61,600 + $621,400 - S = $90,000

S = $61,600 + $621,400 - $90,000

S = $593,000

Cash outflows for salaries in 2018 were $593,000.

5 0
3 years ago
The following data concerns a proposed equipment purchase: Cost $144,000 Salvage value $4,000 Estimated useful life 4 years Annu
zvonat [6]

Answer:

Option (B) is correct

Explanation:

Depreciation expense:

= (cost - salvage value) ÷ estimated useful life

= ($144,000 - $4,000) ÷ 4

= $35,000

Average investment:

= (cost + salvage value) ÷ 2

= ($144,000 + $4,000) ÷ 2

= $74,000

Net income:

= Annual net cash flows - Depreciation expense

= $46,100 - $35,000

= $11,100

Accounting rate of return:

= (Net Income ÷ Average investment) × 100

= ($11,100 ÷ $74,000) × 100

= 15%

8 0
3 years ago
Residual income is ____________.A. the difference between the net income the analyst expects the firm to generate and the requir
BARSIC [14]

Answer:

A. The difference between the net income the analyst expects the firm to generate and the required earnings of the firm.

Explanation:

Residual income measures an organisation's internal corporate performance by looking at the difference between the income geneated by the firm and the required minimum returns. It can be described as the excess of generated income over required earnings for the firm.

For personal Income, residual income represents the income an individual has left after deducting all personal expenses and all debts.

Based on the question, therefore, residual income will be the excess amount after a company's analysts' deduct the required earnings of the company from what the company generates.  

3 0
3 years ago
Krumbly Corporation uses the FIFO method in its process costing system. At the beginning of the month, Department D's work in pr
ss7ja [257]

Answer:

the total cost is $23,200

Explanation:

The computation of the total cost of the 2,000 units transferred is as follows:

= Total cost at that point + other cost

= $13,600 + (2,000 × (1 - 0.40)  × $8)

= $13,600 + 2,000 × 60% × $8

= $13,600 + $9,600

= $23,200

hence, the total cost is $23,200

6 0
3 years ago
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