Given the following information about a potential suspect, determine whether there is a likelihood of illegal income.
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FINANCIAL DATA YEAR 1 YEAR 2YEAR 3 Assets: Residence Baseball cards Automobiles Paintings Cash Liabilities $100,000$100,000 $100,000 25,000 50,000 50000 150,000 250,000 14,000 15,000 15,000 30,000 6,000 12,000 Mortgage balance100,00050,000 Auto loan 30,000 Income 34,000 36,000 Other Expenses: Mortgage payments Auto loan payments Other living 6,000 6,000 6,000 6,000 4,800 4,800 20,000 20,000 expenses
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Comparative Net WorthAsset Answer Year 1 Year 2 Year 3 Assets Residence ...View the full answer
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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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