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Detecting Accounting Fraud 1st Edition by Cecil Jackson
Edition 1ISBN: 978-0133078602Detecting Accounting Fraud 1st Edition by Cecil Jackson
Edition 1ISBN: 978-0133078602 Exercise 41
Signal #1 for the scheme of improper use of acquisition or merger reserves is a parent company allocating large amounts to good-will when acquiring other companies. Explain why this could be a signal of "improper use of acquisition or merger reserves."
Explanation
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Goodwill
According to an economist, "go...
Detecting Accounting Fraud 1st Edition by Cecil Jackson
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