Which of the Following Is Not an Example of Misappropriation

question 60

Multiple Choice

Which of the following is not an example of misappropriation of assets?

• A)A warehouse employee takes home two units of electronic entertainment inventory each week without authorization.
• B)The chief financial officer of the company falsely adds $20 million to the accounts receivable and revenue accounts.
• C)The president of the company utilizes the organization's cash to add a floor to her 15,000 square foot house.
• D)The treasurer of the company makes an unauthorized wire transfer from the organization's bank to a personal account in Grand Cayman.

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Definitions:

Financial Statement

A written report that quantitatively describes the financial health of a company, including balance sheets, income statements, and cash flow statements.

Reportable Segment

Part of a company that can be clearly distinguished operationally and financially from other parts of the company, requiring separate reporting under certain financial reporting frameworks.

Financial Report

A formal record containing financial information of an entity, including statements of financial position, performance, changes in equity, and cash flow, for a specific period.

All Other Segments

In financial reporting, this term refers to the aggregation of operating segments that are not individually reportable due to their size or significance.