A. overstate assets.
B. understate earnings.
C. overstate working capital.
第1题
While motive and opportunity both can lead to accounting fraud, a third important contributing factor is:
A. poor financial controls.
B. a justification of the fraudulent actions.
C. pressure to meet earnings expectations.
第2题
The ratio of operating cash flow to net income (the cash flow earnings index) would least likely be an “accounting red flag” when it is:
A. less than one.
B. declining over time.
C. highly variable.
第3题
Which of the following trends may signal the beginning of a liquidity crisis for an entity?
A.A shift from operating debt to financing liabilities.
B.An increase in trade credit and decrease in retained earnings.
C.A shift from operating debt to increases in owners’ contributed capital.
第4题
Which of the following transactions is least likely to increase a company’s reported cash from operations?
A.Securitizing accounts receivable
B.Delaying payments made to suppliers
C.Using short-term debt to reduce an existing account payable
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