In Asset Fraud, Assets Are Most Often

question 46

Multiple Choice

In asset fraud, assets are most often:

• A) Understated
• B) Overstated
• C) Recorded as liabilities
• D) Recorded as revenues

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Definitions:

Unilateral Discharge

When one party ends an agreement or contract without the need for permission from or negotiation with the other party.

Discharged

Released from an obligation, duty, or debt; in employment, it can also mean being fired or let go from a job.

Modified

Altered or changed from the original form, structure, or condition.

Terminate

To bring to an end; in legal contexts, it often refers to ending a contract or employment.