(True and False)
1. Assets most often improperly capitalized are fixed assets such as property or equipment.

2. Financial statement fraud involving footnote disclosures can be either frauds of omission or frauds of commission.

3. A company that claims to be something it is not in a 10-K report is committing a kind of financial statement fraud.

4. Financial statement frauds most often occur in large, well-established companies.

5. Documentary symptoms provide the best opportunity to find contingent liabilities that should be recorded.

6. Comparing financial relationships such as interest expense and debt, or the amount of warranty expense as a percentage of sales, is not helpful in identifying fraud symptoms of understating liabilities.

7. One of the best ways to detect inappropriate capitalization of costs is by making comparisons with other similar companies.

8. Comparing cash and marketable securities balances with those of similar companies is usually very helpful when looking for analytical symptoms of fraud.