If an Employee Steals Cash from a Company and Successfully

question 74

Multiple Choice

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

• A) Liabilities will be overstated
• B) Liabilities will be understated
• C) Assets will be overstated
• D) Assets will be understated

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Definitions:

Nonverbal Behavior

Communication without the use of spoken language, involving gestures, facial expressions, body language, and other physical cues.

Catharsis

The process of releasing and thereby providing relief from strong or repressed emotions, often through art, dialogue, or therapy.

Reducing Anger

Strategies or techniques used to decrease feelings of anger and its physiological and psychological effects.

Elderly

People of advanced age, often considered to be those age 65 and over.