Which of the Following Might Be Detected by Auditors' Cutoff

question 19

Multiple Choice

Which of the following might be detected by auditors' cutoff review and examination of sales journal entries for several days prior to the balance sheet date?

• A)Lapping year-end accounts receivable.
• B)Inflating sales for the year.
• C)Kiting bank balances.
• D)Misappropriating merchandise.

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Definitions:

Equal Employment Opportunity Commission

A federal agency responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or employee because of the person's race, color, religion, sex, national origin, age, disability, or genetic information.

Employment Discrimination

Unjust or prejudicial treatment of individuals in the workplace based on characteristics like race, gender, age, or disability.

Mitsubishi Motors Corp.

A multinational automotive manufacturer headquartered in Japan, known for producing cars, trucks, and buses.

International Transaction

An international transaction refers to a business or financial exchange crossing national borders, involving trades of goods, services, or capital.