Which of the Following Is Not a Primary Reason Why

question 55

Multiple Choice

Which of the following is not a primary reason why frauds are becoming increasingly frequent?

• A) The advent of computers
• B) Complex accounting systems
• C) Globalization of corporations
• D) The Internet

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Definitions:

Depreciated

Refers to the reduction in the recorded value of an asset over time due to wear and tear, obsolescence, or age.

Equipment

Tangible assets used in operations, such as machinery or office hardware, that play a key role in business operations and productivity.

Allowance for Repairs

A reserve of funds set aside by a company to cover anticipated repair costs for its assets.

Deferred Credit

Liabilities or income that have been recognized but not yet earned, and therefore, postponed to a future accounting period.