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Maslowich
3 years ago
13

Cash larceny involves stealing cash from an organization before it is recorded on the organization’s books and records.

Business
1 answer:
viktelen [127]3 years ago
8 0

Answer:

False

Explanation:

Cash larceny is the action of stealing company cash  already been registered in the books of accounts for a specific accounting  period. An employee of the company perpetrates the theft. It involves the employee scheming and executing the taking away of cash recorded in the books without the employer's authority.

Cask larceny happens in the cash register,  in the safe, or from cash deposits in transit. In most instances, larceny involves small amounts of money. As the cash is recorded in the books of accounts, larceny can be detected with proper cash reconciliation.

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(Ignore income taxes in this problem.) If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 y
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Explanation:

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Since a person withdraw money annually for next 20 years with 6 percent interest rate. Now we have to calculate the amount that have been invested in the account today. So below is the calculation for invested money.  

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3 years ago
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3 years ago
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