Which of the Following Actions Is Not a Potential Fraud

question 18

Multiple Choice

Which of the following actions is not a potential fraud scheme related to long-lived assets?

• A)Impairment losses on long-lived assets are not recognized.
• B)Costs that should have been expenses are improperly capitalized.
• C)Amortization of intangible assets is miscalculated.
• D)All the above are potential fraud schemes.

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Definitions:

Federal Communications

Refers to the United States Federal Communications Commission (FCC), a government agency responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable.

Structuralist View

An economic perspective that emphasizes the role of structural factors, such as institutional, social, and technological aspects, in determining economic outcomes.

Allocative Inefficiency

A situation in which resources are not allocated in a way that maximizes total welfare or societal well-being.

Illegal Business Behaviors

Illegal business behaviors encompass actions by companies that violate laws or regulations, such as fraud, insider trading, and environmental violations.