The Client May Use a Variety of Methods to Overstate

question 86

Multiple Choice

The client may use a variety of methods to overstate investment securities and cash.These include

• A)companies may manipulate the particular securities in the holding security account and the available for sale account to overstate unrealized gains from trading securities and to increase income
• B)companies may manipulate the particular securities in the trading security account and the available for sale account to overstate realized gains from holding securities and to increase income
• C)misstating the amount of cash by manipulating the adjustments done to the year-end bank reconciliation
• D)companies may manipulate the particular securities in the trading security account and the available for sale account to overstate unrealized gains from holding securities and to increase income
• E)misstating the amount of cash by manipulating the adjustments done to the year-end account reconciliation
• F)both A and B
• G)both C and D
• H)both D and E

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Definitions:

General-purpose

Describes software or languages that are designed to be applicable for a wide variety of tasks and problems, rather than specialized for a specific domain.

Sequential Search

Sequential search is a straightforward searching algorithm that checks every element in a list, one at a time and in sequence, until the target element is found or the list ends.

Key Comparisons

In programming and algorithms, the process of comparing the keys or identifiers of data elements to sort or search through data structures.

Algorithm

A step-by-step procedure or formula for solving a problem or accomplishing some end.