Which of the Following Bank Transfers Appears to Be an Example

question 20

Short Answer

Which of the following bank transfers appears to be an example of kiting aimed at overstating the cash position at year-end? $\quad$$\text { Date of }$$\quad$$\quad$$\quad\quad$$\text {Date of}$
$\quad$$\text { Disbursement }$$\quad$$\quad$$\quad$$\text {Receipt }$
$\begin{array}{lll}\text { Books } & \text { Books }& \text { Books }& \text { Books }\end{array}$
A) $\begin{array}{llll}12 / 28 &1 / 03 &\quad12 / 28 & 12 / 28\end{array}$
B) $\begin{array}{llll}1 / 03 & 1 / 05 & \quad\quad1 / 03 & 1 / 03\end{array}$
C) $\begin{array}{llll}12 / 30 & 1 / 03 &\quad 12 / 30 & 12 / 30\end{array}$
D) $\begin{array}{llll}1 / 02 & 1 / 04 &\quad 12 / 30 & 12 / 30\end{array}$
E) $\begin{array}{llll}1 / 03 & 1 / 05 &\quad 1 / 03 & 12 / 31\end{array}$

• A)\(\begin{array}{llll}
• 12 / 28 &1 / 03 &\quad12 / 28 & 12 / 28
• \end{array}\)
• B)\(\begin{array}{llll}
• 1 / 03 & 1 / 05 & \quad\quad1 / 03 & 1 / 03
• \end{array}\)
• C)\(\begin{array}{llll}12 / 30 & 1 / 03 &\quad 12 / 30 & 12 / 30\end{array}\)
• D)\(\begin{array}{llll}
• 1 / 02 & 1 / 04 &\quad 12 / 30 & 12 / 30
• \end{array}\)
• E)\(\begin{array}{llll}
• 1 / 03 & 1 / 05 &\quad 1 / 03 & 12 / 31
• \end{array}\)

---

Definitions:

Purchase

The act of buying goods or services.

Gasoline Prices

The cost per unit of gasoline, influenced by factors such as crude oil prices, refinery costs, taxes, and demand.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level, at a specific point in time.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at various prices during a specific time period.