Which of the Following Defines Lapping

question 4

Multiple Choice

Which of the following defines Lapping?

• A)embezzling one customer's payment and then crediting that customer's account when a subsequent customer pays.
• B)stealing cash from an organization before it is recorded on the organization's books and records.
• C)helping a vendor illegally obtain a contract that should have involved competitive bidding.
• D)demanding a payment from a vendor in order to make a decision in that vendor's favor.

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Definitions:

Market Value

The current value of an asset or company based on the price that a buyer is willing to pay in the market.

Liquidating Dividend

A type of dividend payment made by a corporation using its capital base rather than earnings, typically during partial or full liquidation.

Dividend Policy

A strategy a company uses to decide how much it will pay out to shareholders in dividends.

Alternate Dividend Policy

A strategy employed by a company to distribute earnings to shareholders through dividends that may vary in amount and frequency depending on the company's earnings, investment opportunities, and capital needs.