Which of the Following Is the Best Way to Hide

question 41

Multiple Choice

Which of the following is the best way to hide theft of assets?

• A) creating "cash" through the transfer of money between banks
• B) conversion of stolen assets into cash
• C) stealing cash from customer A and then using customer B's balance to pay customer A's accounts receivable
• D) charging the stolen asset to an expense account

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Definitions:

Efficient Markets

A concept that asserts that financial markets are "informationally efficient," meaning that prices of securities reflect all available information at any given time.

Opportunity Cost

The cost of choosing one alternative over another, typically representing the benefits you could have received by taking a different action.

Alternative Use

The potential other applications or purposes for which a resource, asset, or investment could be utilized instead of its current use.