What is check tampering?
Check tampering involves forging or changing in some material way a check that the organization has written to a legitimate payee. One example of this is an employee who steals an outgoing check to a vendor, forges the payee's signature, and cashes the check. A variation on this is an employee who steals blank checks from the victim company makes them out to himself or an accomplice.
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During Year 9, Hart Motors Corp had a net $100,000 decrease in Warranties Payable. The T-account work sheet for preparing the statement of cash flows
a. adds this decrease in Warranties Payable so that cash flow from operations reports cash expenditures, not expenses. b. subtracts this decrease in Warranties Payable so that cash flow from operations reports cash expenditures, not expenses. c. adds this decrease in Warranties Payable so that cash flow from operations reports cash expenses, not expenditures. d. subtracts this decrease in Warranties Payable so that cash flow from operations reports cash expenses, not expenditures. e. subtracts this decrease in Warranties Payable so that cash flow from financing reports cash expenses, not expenditures.
Which of the following is not something to keep in mind when you create a professional profile??
A) ?Emphasize your strengths. B) ?Check for 100% accuracy. C) ?Avoid using keywords. D) ?Proofread carefully.
At an auction for the first time, Max bids on an object, believing that it is worth more than the price asked. When the item proves to be less valuable, Max is
A. liable on the bid. B. not liable on the bid because Max misestimated the value. C. not liable on the bid because the auctioneer misstated the value. D. not liable on the bid because the object was probably overpriced.
Peter Lynch has the following portfolio of investments:
Stock Investment Beta A $21 million 0.945 B $42 million 1.47 C $11 million 2.10 D $32 million 1.26 What is the beta of Peter's portfolio? A) 1.000 B) 1.126 C) 1.366 D) 1.534 E) 1.877