Two Years After Purchasing a Home,Victor Received a Check in the Mail

question 87

Multiple Choice

Two years after purchasing a home,Victor received a check in the mail from his attorney.An accountant had found a discrepancy.The accountant conducted a(n)

• A)internal audit.
• B)debt audit.
• C)cash flow audit.
• D)balance audit.
• E)liquidity audit.

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Definitions:

Lawful Action

Actions or behaviors that are in accordance with legal requirements and legislations.

Gasoline Tanker Truck

A large vehicle designed for transporting liquid petroleum products, especially gasoline, from refineries to distribution points.

Discriminate

To make a distinction in favor or against someone or something based on the group, class, or category rather than according to actual merit.

Authorized Credit Limit

The maximum amount of credit that a financial institution permits a borrower to use under a line of credit.