Which of the following frauds is usually the most expensive?
a. Vendor fraud
b. Customer fraud
c. Occupational fraud
d. Financial statement fraud
d
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Incorrect.
d. Correct.
You might also like to view...
Exhibit 15-1 Hanson Co issued 10,000 shares of its $5 par common stock for $15 a share. In addition, it incurred legal and accounting fees, stock certificate costs, and other related expenses totaling $18,500. ? Refer to Exhibit 15-1. Assume the sale was the initial issuance of stock at incorporation for Hanson Co The entry to record the sale would include a
A) credit to Cash for $150,000. B) credit to Common Stock for $150,000. C) debit to Organization Expense for $18,500. D) credit to Additional Paid-in Capital on Common Stock for $81,500.
The net sales for a company total $1,500,000, gross profit is $750,000, net income is $500,000, and average total assets equal $5,000,000 . Return on total assets is
a. 10%; b. 15%; c. 30%; d. 50%; e. 75%
Which of the following is typically the first step in developing a retail communication program?
A. Determine a budget. B. Implement programs. C. Allocate the budget. D. Evaluate programs. E. Establish objectives.
In the textile industry, a manufacturer is interested in the number of blemishes or flaws occurring in each 100 feet of material. The probability distribution that has the greatest chance of applying to this situation is the _____ distribution
A. Normal B. Binomial C. Poisson D. Uniform