Examlex
Which of the following activities performed by a department supervisor most likely would help in the prevention or detection of a payroll fraud?
Net Income
The total profit of a company after all expenses and taxes have been deducted from total revenue.
Financial Statements
Reports that summarize the financial health, performance, and liquidity of a company including balance sheet, income statement, and statement of cash flows.
Retained Earnings
The portion of net income that is retained by the corporation rather than distributed to its shareholders as dividends.
Earnings Restatements
The act of amending previously reported financial statements to correct errors.
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