A computer dealer induced a finance company to enter into a hire-purchase agreement by contributing false information about the amount of deposit paid by the customer unknowingly, who later defaulted and sold the computer to a third party. This is an example of:
A. a warranty of fact.
B. sales puffery.
C. a statement of fact.
D. misrepresentation.
E. misuse of relationship marketing.
Answer: D
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Did the company purchase any intangible assets during the year?
a. Income statement b. Balance sheet c. Statement of cash flows d. Statement of retained earnings
Which of the following is a basic objective of surveillance, whether manual or electronic?
a. Identify victims of the fraud b. Analyze how the money comes back in the form of assets c. Understand the cover-up or concealment of fraud d. Catch fraud at the theft act stage
Alpha Company has assets of $640,000, liabilities of $270,000, and equity of $370,000. It buys office equipment on credit for $95,000. What would be the effects of this transaction on the accounting equation?
A. Assets increase by $95,000 and expenses increase by $95,000. B. Assets increase by $95,000 and liabilities increase by $95,000. C. Liabilities increase by $95,000 and expenses decrease by $95,000. D. Assets decrease by $95,000 and expenses decrease by $95,000. E. Assets increase by $95,000 and expenses decrease by $95,000.
Which characteristics of servant leadership are found in all models of servant leadership described in the text?
A. wisdom and humility B. wisdom and courage C. vision and courage D. none of these are consistent across all models