Which of the following questions should be answered when considering fraud risk and fraud prevention?
a. which types of fraud are the easiest and least costly to prevent
b. which employees are in the best position to commit fraud
c. which symptoms of a fraud act are most likely to be spotted
d. all types of possible fraud that can be committed
b
FEEDBACK: a. Incorrect
b. Correct
c. Incorrect
d. Incorrect
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If Gil assigns his lease to Jim, Gil has no further obligations to his landlord
a. True b. False Indicate whether the statement is true or false
The appropriate rate to use to discount the cash flows of a bond in order to determine the current price is the ________
A) yield to maturity B) coupon rate C) par rate D) current yield
A survey based on a random sample of 3000 U.S. women in a Virginia Slims Poll showed that 1950 were combining marriage, career, and children. Develop a 98% confidence interval estimate of the true proportion of women in the U.S. who fit into this category. ____________________ to ____________________
Fill in the blank(s) with correct word
On June 30, 2016, Kelso Inc., a calendar year corporation, issued 2,000 shares of its publicly traded stock as compensation to its employee, Nick Penn. On date of issuance, the stock's fair market value was $13,500. Under the terms of his employment contract, Mr. Penn couldn't dispose of the stock before February 1, 2020, and if he terminated his employment with Kelso before that date, he had to forfeit the stock back to Kelso. On February 1, 2020, the fair market value of the 2,000 shares was $20,000. Which of the following statements is true?
A. Kelso is allowed to deduct $20,000 as employee compensation in 2020. B. If Mr. Penn elected to recognize income with respect to the restricted stock in 2016, Kelso was allowed to deduct $13,500 as employee compensation in 2016. C. Kelso was allowed to deduct $13,500 as employee compensation in 2016. D. None of the above is true.