______ Is the Creation or Alteration of Documents to Give

question 32

Multiple Choice

______ is the creation or alteration of documents to give them the appearance of legality and validity with the intention of gaining some benefit from doing so.

• A)forgery
• B)uttering
• C)fraud
• D)counterfeiting

Understand the accounting treatment and financial presentation of quantity and purchase discounts.

Grasp how sales taxes collected from customers are accounted for in financial statements.

Comprehend the accounting treatment for returned merchandise under ASPE, including when merchandise is defective.

Compare the operating cycles of merchandising and service companies.