Misappropriation of Assets Is a Fraudulent Act That Involves

question 18

Multiple Choice

Misappropriation of assets is a fraudulent act that involves

• A)dishonest conduct by those in power.
• B)misrepresenting facts to promote an investment.
• C)using computer technology to perpetrate a crime.
• D)theft of company property.

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Definitions:

Time-weighting Factor

A calculation used to adjust the influence of specific data points in an averaging or forecasting method based on their occurrence in time.

Ordinary Shares

Shares of a company that entitle the holder to dividends as declared and give them voting rights in company meetings.

Discontinued Operation

A component of a company's business that has been sold or discontinued, with its results reported separately in the financial statements.

Comprehensive Income

The change in equity of a company during a period from transactions and other events from non-owner sources. It includes all revenues, gains, expenses, and losses.