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
Answer:
The cost of care in a nursing home, along with <u>the cost of meals and lodging</u>, <u>should be included</u> with the costs for medical or nursing care if the primary reason is <u>to obtain medical care for their parents</u>.
If the primary reason for being there is personal, <u>the total</u> costs for medical or nursing care <u>should be included</u> in the total of deductible medical expenses, <u>but the costs of meals and lodging should not be included</u>.
Consequently, it appears that Jerry's parents are in the nursing home <u>to obtain medical care</u>, while Ernie's parents are in the nursing home <u>for personal reasons other than medical care</u>.
Answer:
The answer and procedures of the exercise are attached in the following archives.
Explanation:
The first part of the journal entry would record the expenses as the receipt. Hence the expense account would be a debit. A corresponding entry would be a credit to the cash account to record the receipt of such expenses. This is done basis the basic accounting rule that increase in the asset and expense account signifies as debit and vice versa whereas increase in the liability and revenue account would be regarded as the credit.
The second journal entry would increase the petty cash account by $50 to raise the balance of existing petty cash from $280 to $330. A corresponding effect would be a credit to the cash account.
Answer:
Protecting Against Payment Card FraudExplanation:
The chips do nothing to protect against online payment card fraud, which depends on account numbers and passwords rather than the physical cards. As one security expert noted, computers and mobile devices don't have card readers attached.
