The Type of Fraud Committed by Employees of an Entity,who

question 156

Multiple Choice

The type of fraud committed by employees of an entity,who steal money from the company and cover it up through erroneous entries in the books,is called:

• A)misappropriation of assets.
• B)fraudulent financial reporting.
• C)phishing.
• D)collusion.

Recognize the accounting treatments for changes in accounting estimates and their effects on financial statements.

Differentiate between growth and income stocks in terms of dividend payments.

Understand how earnings per share (EPS) is calculated and what it signifies about a company's performance.

Identify the significance and effects of dividend yield and price-earnings ratio on stock valuation.

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Definitions:

Fourth Amendment

Part of the U.S. Constitution that protects citizens against unreasonable searches and seizures, requiring any warrant to be judicially sanctioned and supported by probable cause.

Blue-Collar Crimes

Typically refers to crimes committed by individuals from a lower social class, often involving manual labor or physical work, as opposed to white-collar crimes that are usually financially motivated and committed by individuals in a higher social class.

Larceny

The theft of personal property without consent and with the intent to permanently deprive the owner of it.

Trespassory Taking

The illegal occupation or seizure of someone else's property without their permission.