The ACFE found that the most common way that fraud is first detected is:
A. Internal controls
B. Tip
C. External audit
D. Internal audit
Answer: B
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A statement of retained earnings is used to explain the change in the amount of retained earnings between two successive balance sheet dates
a. True b. False Indicate whether the statement is true or false
The first phase of new product development is ________
A) problem recognition B) product concept screening C) idea generation D) product concept development E) business analysis
Compute the July 2014 cost of capital (rounded to nearest percent) for an investment center with the following information: Pre-tax operating income for July 2014 $15,500,000 Assets at July 31, 2014 8,200,000 Current liabilities at July 31, 2014 3,200,000 Long-term liabilities at July 31, 2014 2,200,000 Income tax expense for July 31, 2014 5,500,000 EVA 9,500,000
A) 5 percent B) 53 percent C) 10 percent D) 61 percent
Average-cost pricing consists of adding a 20 percent markup to the average cost of an item.
Answer the following statement true (T) or false (F)