Which of the Following Is NOT a Symptom of Accounts

question 56

Multiple Choice

Which of the following is NOT a symptom of Accounts Payable Fraud?

• A) More inventory counted than identified through purchasing and inventory records
• B) Discrepancy in cut off tests
• C) Loans with no interest
• D) Amounts listed on vendor statements not recorded as purchases

---

Definitions:

Market Price

The current amount at which an asset or service can be bought or sold.

Dividends Per Share

Measures the extent to which earnings are being distributed to common shareholders.

Liquidity

The simplicity of turning an asset into cash without impacting its market value.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company using its assets to generate sales or revenue.