Fraud abuses in the AP/CD process usually entail creating phony customers or submitting fictitious purchase orders
Indicate whether the statement is true or false
F
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The report that is prepared after the posting is completed at the end of the accounting period that shows the items of expense by department and in total, and is used to prove the balance of the Factory Overhead Control account is the:
a. Schedule of Fixed Cost. b. Summary of Factory Overhead. c. Flexible Budget. d. Subsidiary Ledger.
An advantage of buying an existing business versus starting a new business is _____
a. the ability to generate new supplier relationships b. the ability to generate immediate sales c. no cost for goodwill d. flexibility in developing and changing retail strategy
Which of the following is not required in order to create an implied-in-fact contract?
A) The plaintiff having not provided the services gratuitously B) An opportunity by the defendant to reject the goods or services, followed by the defendant not rejecting the goods or service C) An expectation of payment by the plaintiff D) The plaintiff having provided property or services to the defendant E) An agreement between the parties on the amount of the payment
When a plaintiff files an action against a defendant, it is called the complaint
a. True b. False Indicate whether the statement is true or false