The IC3 2004 Internet Fraud Crime Report Indicated That _____________

question 15

Multiple Choice

The IC3 2004 Internet Fraud Crime Report indicated that _____________ is by far the most reported computer offense.

• A) hacking
• B) internet auction fraud
• C) computer bilking
• D) financial transaction fraud

---

Definitions:

Allowance Method

An accounting technique that estimates and deducts accounts receivable that are not expected to be collected to better represent net realizable values.

Uncollectible Accounts

Accounts receivable that are deemed to be uncollectible, leading to their removal from the accounts through a write-off process.

Write Off

The accounting action of declaring that an asset is partially or completely worthless.