The elements of fraud include all of the following except:

a. theft act.
b. stress.
c. conversion.
d. concealment.


b

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A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 each. 12 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 12 units that are sold?

A. $128 B. $140 C. $124 D. $130 E. $120

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If the market rate of interest is 10%, a $10,000, 12%, 10-year bond that pays interest semiannually would sell at an amount

A) less than face value. B) equal to the face value. C) greater than face value. D) that cannot be determined.

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Trading blocs always bring cost savings to international firms.

Answer the following statement true (T) or false (F)

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By adding the prefix "un" to the term "professional" its synonym can be formed

Indicate whether the statement is true or false

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