International accounting standards currently are moving toward the

a. comprehensive recognition approach.
b. partial recognition approach.
c. no-deferral approach.
d. discounted comprehensive recognition approach.


A

Business

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When you use the works of others in your presentation without crediting the source, you are

A) supporting B) plagiarizing C) referencing D) citing

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On November 1, 2016, Brownsville Co borrowed $80,000 from State Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, 2016, Brownsville Co's overall liability for this loan amounts to:

a. $84,800 b. $80,000 c. $81,600 d. $83,200

Business

Misappropriation of assets can involve various schemes: expense reimbursement fraud, lapping, and payroll fraud. Explain each and give an example

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Gail is a "payday" lender charged with filing false claims in bankruptcy proceedings against her debtors. The standard of proof to find a defendant who has been charged with a crime guilty is

A. a preponderance of the evidence. B. beyond all doubt. C. beyond a reasonable doubt. D. clear and convincing evidence.

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