You observe that a companys current ratio is dramatically increasing. This may indicate fraud in that: a.
Question:
You observe that a company’s current ratio is dramatically increasing. This may indicate fraud in that:
a. Probable contingent liabilities that will settle in the next year for an amount that can be estimated are not recorded.
b. Accounts payable are understated.
c. Expenses have been inappropriately capitalized as fixed assets.
d. Fixed assets are overstated.
e. Two of the above are true.
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Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
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