Which of the following is a limitation to the Net Worth Method?
a. It only includes assets and liabilities that can be discovered.
b. The resulting amounts presented in court are usually lower than the actual theft amount.
c. The Net Worth Method only gives an estimate of Net Worth increases or decreases.
d. When presented with the Net Worth amount(s), suspects sometimes confess.
a
FEEDBACK: a. Correct; there may be additional information not discovered.
b. Incorrect; this often leads to the amounts being readily accepted in court.
c. Incorrect; they are estimates, but they indicate unexplained income.
d. Incorrect; the suspect does sometimes confess when faced with the evidence.
You might also like to view...
How has the implementation of the National Do Not Call Registry changed telephone marketing?
What will be an ideal response?
What type of system allows a customer's bank to periodically transfer funds from its account to a selling firm's bank account for payment of bills??
A. Disbursement agreement? B. ?Preauthorized debit system C. ?Lockbox agreement D. ?Concentration banking system E. ?Zero-balance account
Kirk is the chief financial officer of Lemon Corporation, which is required to file certain financial statements with the Securities and Exchange Commission (SEC). Under the Sarbanes-Oxley Act of 2002, Kirk must personally
A. certify that the statements are accurate. B. delegate the responsibility for preparing the statements. C. deliver the statements to the appropriate SEC officer. D. prepare the statements.
According to the Keown book, ________of U.S. households have no life insurance coverage
A) 15 percent B) 30 percent C) 50 percent D) 65 percent