Which of the Following Is False

question 55

Multiple Choice

Which of the following is false?

• A) 95% of all frauds involve financial or vice related pressures
• B) When the IRS required social security numbers for dependents, the number of dependents went down
• C) Over half of all people are honest at all times
• D) Only about a third of all frauds are committed by employees with less than four years in a company

Understand the concept of retained earnings, including restricted retained earnings and retained earnings deficit.

Grasp the accounting and financial implications of declaring and paying dividends on stockholders’ equity and retained earnings.

Appreciate the significance of the date of record and the procedure for recording large and small stock dividends.

Understand the different classes of stock (common and preferred) and their characteristics.

---

Definitions:

R&D

Stands for Research and Development, a business or government activity that involves the investment of resources in developing new products, services, or processes.

Total Utility

The total satisfaction or benefit obtained from consuming a particular quantity of goods or services.

Specific Amount

A specific amount refers to a particular sum or quantity of something, defined by a number or measure.

New Products

Items that have been recently developed or introduced to the market.