Which of the following is NOT a symptom of liability fraud?
a. A sudden decrease in accounts payable/inventory ratio.
b. Inappropriately capitalizing costs that should be expensed.
c. An unusual increase in current ratio.
d. Record payments made in later periods as being paid in earlier periods.
b
FEEDBACK: a. Incorrect.
b. Correct. This is a symptom of asset fraud.
c. Incorrect.
d. Incorrect.
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