A form 1099 with no withholdings, where withholdings should exist, may be a fraud symptom for which liability account?
a. Accounts payable
b. Unearned revenues
c. Contingent liabilities
d. Accrued liabilities
d
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Incorrect.
d. Correct. A withholding is same as accrued liability and if it is not recorded, the company is trying to understate the liabilities.
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Pepsi and Coke both have reached the point that investing more dollars in advertising yields lower and lower increases in sales. The model used to illustrate this concept is:
A) decay effects B) threshold effects C) concave downward function D) carryover effect
Riparian rights have to do with
A. subsurface mineral rights. B. water rights. C. airspace rights. D. leasehold rights.
The opposing attorneys try to achieve all of the following goals when deposing an expert witness, EXCEPT which of the following?
a. convincing the opposing party of the weakness of their case. b. understanding the credentials and experience of the expert. c. understanding what the expert's opinions are. d. obtaining an assessment of how difficult the expert will be in the case.
What ethics trend was uncovered in a 2013 survey of managers in the UK?
a. Most of the time, when managers were pressured to violate ethical standards, lawbreaking was involved. b. Nearly half of managers had pressured their own subordinates to commit fraud for their department’s gain. c. Around 10 percent were forced out of their jobs for refusing to violate ethical standards when pressured. d. Nearly half of managers experienced pressure from others to violate ethical standards.