Scamming Victims Out of Personal Information on the Internet Is

question 49

Multiple Choice

Scamming victims out of personal information on the Internet is accomplished by a technique known as

• A) smurfing.
• B) shoulder smurfing.
• C) skimming.
• D) phishing.

---

Definitions:

Normal Balance

The side (debit or credit) of an account that is increased. For assets and expenses, it is the debit side; for liabilities, equity, and revenues, it is the credit side.

Financial Statement

A financial statement is a formal record of the financial activities and position of a business, person, or other entity, detailing earnings, expenditures, assets, liabilities, and equity at a specific point in time.

Permanent/Temporary

Classification of accounts where permanent accounts represent balance sheet items carried over multiple periods, and temporary accounts are income statement items closed at the end of each period.

Normal Balance

The side of an account (debit or credit) on which increases to the account are recorded, determined by the account type.