Why Is Computer Fraud Often More Difficult to Detect Than

question 88

Multiple Choice

Why is computer fraud often more difficult to detect than other types of fraud?

• A)Rarely is cash stolen in computer fraud.
• B)The fraud may leave little or no evidence it ever happened.
• C)Computers provide more opportunities for fraud.
• D)Computer fraud perpetrators are just cleverer than other types of criminals.

Apply the correct formula for calculating interest over different periods and using a standard 360-day year.

Record transactions involving promissory notes correctly in financial statements.

Evaluate the reasons behind using promissory notes in financial transactions.

Comprehend the concept of maturity dates and how to calculate them for different durations.

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Definitions:

Short-Term Investments

Short-term investments are financial assets that are expected to be converted into cash within one year and are typically used by firms to manage surplus cash efficiently.

Current Receivables

Short-term financial assets that are due to be received within one year, typically from customers who owe the company money for goods or services provided.

Quick Ratio

A liquidity measure that indicates a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory.

Quick Assets

Highly liquid assets that can be quickly converted into cash without losing value, often including cash, marketable securities, and accounts receivable.