1a Using the information you learned about the fraud triangle you should find the answer that best explains opportunity.

Group of answer choices

Opportunity as it relates to the fraud triangle means the person is under some pressure in his or her life.

Opportunity as it relates to the fraud triangle means the business lacks good internal controls.

Opportunity as it relates to the fraud triangle means the person has a good reason to commit the fraud.

1b

Which of the below formulas would best represent the correct reporting of the carrying value of a liability (carrying value on the balance sheet on the date issued)?

Group of answer choices

Bonds Payable + Discount on Bonds Payable

Bonds Payable - Premium on Bonds Payable

Bonds Payable + Premium on Bonds Payable