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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 8
Which of the following methods of fictitious accounting was not identified by the SEC in its Enforcement Action against Rite Aid? (a) Understatement of bad debt expense.
(b) Failure to write off capitalization costs such as costs of title searches.
(c) Reversal of accounts payable amounts for "will-call" prescriptions.
(d) Improper accrual of expense in respect of stock appreciation rights.
(b) Failure to write off capitalization costs such as costs of title searches.
(c) Reversal of accounts payable amounts for "will-call" prescriptions.
(d) Improper accrual of expense in respect of stock appreciation rights.
Explanation
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Verified
• Failed to write off capitalized cost (...
Detecting Accounting Fraud 1st Edition by Cecil Jackson
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