Which of the following is not a fraud method to overstate revenues?

A. Recording future sales in the current period
B. Recording sales of products that are out on consignment
C. Recording sales based on F.O.B. shipping point
D. Recording revenues of other companies by acting as a middleman


C. Recording sales based on F.O.B. shipping point

Business

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What will be an ideal response?

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A corporation is a business that is legally separate and distinct from its owners

Indicate whether the statement is true or false

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A company had net sales of $1,540,500 in Year 1 and $1,495,000 in Year 2. Its average assets were $810,000 for Year 1 and $800,000 for Year 2. (1) Calculate the total asset turnover for each year. (2) Interpret and comment on the company's efficiency in the use of its assets.

What will be an ideal response?

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Relatively habitual routine consumer behavior

a. is best predicted from past behavior b. occurs with relatively cognitive evaluation c. is low involvement behavior d. is aligned with incidental learning theory e. all of the above

Business