Which of the Following Actions Is Not a Potential Fraud

question 18

Multiple Choice

Which of the following actions is not a potential fraud scheme related to long-lived assets?

• A)Impairment losses on long-lived assets are not recognized.
• B)Costs that should have been expenses are improperly capitalized.
• C)Amortization of intangible assets is miscalculated.
• D)All the above are potential fraud schemes.

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Definitions:

Voucher System

A policy or system in which vouchers are given, typically by the government, to individuals to purchase specific services or goods.

Public Education

A system of education that is universally available and funded by the government to ensure that all members of society have access to basic education.

Private Schools

Educational institutions not funded by public sources, often offering specialized curriculums or environments that differ from public schools.

SAT Score

A standardized test score used in the United States for college admissions, reflecting a testee's aptitude in areas such as math, reading, and writing.