The Forms That Allow Noncash Assets to Be Moved from One

question 96

Multiple Choice

The forms that allow noncash assets to be moved from one location in a company to another can be used to facilitate the misappropriation of those assets are called:

• A) Inventory usages
• B) Fake sales
• C) Asset requisition
• D) All of the above

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Definitions:

Assumptions

Premises or accepted facts upon which reasoning, behaviors, or calculations are based.

Inferences

Logical deductions or conclusions made based on evidence and reasoning.

Horizontal Analysis

Horizontal analysis is a technique in financial analysis where figures in financial statements over different periods are compared to identify trends and growth patterns.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.