Tangible Frauds Include

question 180

Multiple Choice

Tangible frauds include

• A) asset misappropriation.
• B) false pretenses.
• C) counterfeiting.
• D) all of these answer choices are correct.

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Definitions:

Revenues

The total amount of money received by a company for goods sold or services provided during a specific period, before any deductions.

Expenses

Costs incurred in the process of earning revenue, such as rent, utilities, and salaries.

Stockholders' Equity

The remaining interest in a corporation's assets after all liabilities are subtracted, which signifies ownership.

Accounts Receivable

Accounts receivable represents money owed to a business by its customers for goods or services delivered but not yet paid for.