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NEW QUESTION # 22
_________ revenues involve the recording sales of goods or services hat did not occur.
- A. Red flag revenues
- B. Concealed revenues
- C. Financial revenues
- D. Fictitious or fabricated revenues
Answer: D
NEW QUESTION # 23
Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.
- A. Financial record
- B. Expense
- C. Balance sheet
- D. Equity
Answer: B
NEW QUESTION # 24
__________ are the amounts which are owned to other entities:
- A. Assets
- B. Expenses
- C. Liabilities
- D. Supplies
Answer: C
NEW QUESTION # 25
Which of the following ratios can be used to assess a company’s ability to meet sudden cash requirements?
- A. Debt-to-equity ratio
- B. Receivable turnover ratio
- C. Asset turnover ratio
- D. Quick ratio
Answer: C
Explanation:
Explanation/Reference: https://www.investopedia.com/ask/answers/062215/what-are-financial-risk-ratios-and-how-are-they-used-measure-risk.asp
NEW QUESTION # 26
One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.
- A. False
- B. True
Answer: B
NEW QUESTION # {0}27
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