To Prove Fraud,which of the Following Elements Must Be Shown

question 32

Multiple Choice

To prove fraud,which of the following elements must be shown?

• A) The innocent party knew the wrongdoer.
• B) The innocent party was the one who detected fraud.
• C) The wrongdoer assumed a False identity.
• D) The wrongdoer intended to deceive the innocent party.

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Definitions:

Journal Entries

The method used in bookkeeping to record all the financial transactions of a business.

Raw Materials

Fundamental substances used in the creation or manufacturing of goods.

Overapplied Overhead

A condition where the overhead allocated to goods produced exceeds the actual overhead costs incurred.

Cost of Goods Sold

The direct costs attributable to the production of goods sold in a company, including material and labor expenses.