Misappropriation of Company Assets Can Occur in the Following Ways

question 24

Multiple Choice

Misappropriation of company assets can occur in the following ways

• A)customers can set up accounts for actual vendors and process payments to these vendors
• B)employees can create fictitious employees and misdirect payroll for these employees to their own accounts
• C)employees can make purchases of inventory or supplies on the company account and use the items as part of their job in the company
• D)customers can set up accounts receivable for fictitious customers and process payments to these customers
• E)employees can set up accounts for fictitious vendors and process payments to these vendors
• F)both A and C
• G)both B and E

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Definitions:

Beef

A type of meat obtained from cattle, widely consumed as a food product.

Tulips

A type of flowering plant known for its bright colors and variety, often associated with the Netherlands.

Exporting Industry

An industry that primarily produces goods or services for consumption outside the domestic market.

Imported Good

A product or commodity that is brought into one country from another for sale or use.