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Helen Downloaded a Greeting Card Program from the Internet

question 55

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Helen downloaded a greeting card program from the internet.She was surprised that it really didn't do what it was supposed to do.What the program did was send nasty,profane e-mails to all the people in her contact list.Helen is the victim of ________.


Definitions:

AASB 3

Specifies the accounting requirements for business combinations, detailing how an acquirer should recognize and measure the assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree.

Revaluation

The process of adjusting the book value of a fixed asset or foreign currency to reflect current market values.

Inventory

The total amount of goods and materials held by a company intended for sale or production.

Gain on Bargain Purchase

The financial benefit that occurs when a company acquires another entity for a price below the fair value of its net assets.

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