If an Employee Steals Cash from a Company and Successfully

question 20

Multiple Choice

If an employee steals cash from a company and successfully covers up his/her actions by recording a fictitious debit to Prepaid Advertising and a credit to Cash, then

• A) Expenses will be understated
• B) Net income will be overstated
• C) Net income will be understated
• D) Net income will be stated correctly

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Definitions:

Aversive Racism

A subtle form of racism where individuals possess negative racial biases but do not recognize themselves as racist.

Equal Rights

The principle that all people should be treated identically under the law and have the same political, social, and economic rights.

Races

Socially constructed categories that divide humans into groups based on physical characteristics, ancestry, or genetics, though biologically the concept of race has been debunked.

ABCs

An acronym referring to the basic elements or principles of a subject, or, in psychology, often used to denote the components "Affect, Behavior, and Cognition."