Internet Fraud Refers to Any Type of Scam or Hoax

question 20

True/False

Internet fraud refers to any type of scam or hoax that uses one or more components of the Internet.

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Definitions:

Adjustment Necessary

Indicates a need to modify financial statements or entries to reflect accurate and fair information.

Land Account

An account used in accounting to record the cost of land owned by a company, which is a non-depreciable asset.

Unamortized Patent

The portion of a patent's cost that has not yet been expensed through the process of amortization.

Adjustment Necessary

A correction or modification required to ensure accuracy, typically in the context of financial records or statements.