This is an exercise concerning financial reporting misstatements, not employee theft.
Give an example of an error or fraud that would misstate financial statements to affect the accounts as follows, taken one case at a time.
a. Overstate an asset, under state another asset.
b. Overstate an asset, overstate shareholder equity.
c. Overstate an asset, overstate revenue.
d. Overstate an asset, understate an expense.
e. Overstate a liability, overstate an expense.
f. Understate an asset, overstate an expense.
g. Understate a liability, understate an expense.