Use the Following Information to Answer the Questions
at the End

question 2

Multiple Choice

Use the following information to answer the Questions
At the end of the lease on their apartment, Toni and Terry decide to rent separate places and so must make a fair division of the property they purchased together. The items to be divided and the point values each person places on them are given below. $$\begin{array} { l l l } \text { Item } & \text { Toni's points } & \text { Terry's points } \\\text { CD player } & 15 & 20 \\\text { Sofa } & 30 & 25 \\\text { Microwave } & 20 & 25 \\\text { TV } & 35 & 30\end{array}$$
-If Toni and Terry use the adjusted winner procedure to divide the property, what will Terry end with?

• A) CD player, microwave, and TV
• B) CD player, microwave, and 1/6 TV
• C) CD player and microwave only
• D) CD player, microwave, and 4/13 TV

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Definitions:

Tangible Frauds

Deceptive acts involving the manipulation or misuse of physical assets or goods for illegal gain.

Asset Misappropriation

The theft or misuse of an organization's assets by employees or others with access.

Counterfeiting

The fraudulent manufacturing or creation of imitation products, currency, or documents with the intent to deceive.

IFRS

International Financial Reporting Standards, which are global accounting guidelines for preparing financial statements.