Which of the Following Best Represents Kiting

question 54

Multiple Choice

Which of the following best represents kiting?

• A)Theft of cash for personal use and cover-up using the bank statement.
• B)A fraudulent cash scheme to overstate cash assets at year end by recording deposits in transit.
• C)Manipulation of financial reporting by increasing both cash and debt by the same amount.
• D)Colluding to steal cash by wiring money to a fictional vendor and concealing it with customer payments.

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Definitions:

Slip

The difference in speed between two interacting surfaces in relative motion, often referring to tires losing grip on the road.

Hydraulic Power Brake Booster

A device that uses hydraulic pressure to assist in the application of the vehicle's brakes, reducing the effort required by the driver.

Hydraulic Assist

An external power brake assist system that uses hydraulics, typically from the power steering system to a hydraulic power brake booster.

Lateral Acceleration Sensor

A device in a vehicle that measures the sideways acceleration to help with stability control and other functions.