For an Action to Be Called Fraudulent,all of the Following

question 32

Multiple Choice

For an action to be called fraudulent,all of the following conditions are required except

• A)poor judgment
• B)Representation
• C)intent to deceive
• D)injury or loss

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Definitions:

Bonus Dividends

Additional dividends paid to shareholders, above regular dividends, typically issued in the form of extra shares.

Revaluation

An adjustment of the carrying value of an asset or liability to its current fair value.

Consolidated Statement

A financial statement that presents the financial position and results of operations of a parent and its subsidiaries as if they were a single economic entity.

General Reserve

Funds set aside by a company from its profits for general unspecified future needs or to strengthen the company's financial position.