true/ false

In the attached answer sheet, select EITHER TRUE or FALSE for each of the following unrelated items. If more than one answer is given for an item, the answer will not be marked. Incorrect ans will be marked as zero. No account will be taken of any explanations you offer. Answer Question 1. One element of the fraud triangle is justification. 2. Firms use physical controls primarily to safeguard their assets. 3. Accounts receivable represent future cash payments to suppliers. 4. The percentage of receivables basis of estimating expected bad debt expense emphasizes income statement relationships. 5. Fixed assets are reported on the statement of financial position less accumulated depreciation