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An Employee Who Doesn't Record Customer Sales and Pockets the Customer

question 19

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An employee who doesn't record customer sales and pockets the customer payments is perpetrating which kind of fraud?


Definitions:

Annual Cash Flows

The total amount of cash that a company receives and spends within one year.

Salvage Value

An asset's anticipated value at the end of its operational life, as estimated.

Straight Line Method

A method of calculating depreciation by evenly spreading the cost of an asset over its useful life.

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