Multiple Choice
All of the following are indicators of financial statement fraud EXCEPT:
A) companies with unrealistically large growth in assets, revenues or profits.
B) companies with a principal who has been involved in a bankruptcy.
C) companies whose success depends on a special tax loophole or tax avoidance scheme.
D) companies that report contingent liabilities that have the potential to create a loss.
Correct Answer:

Verified
Correct Answer:
Verified
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Q10: In liability fraud, liabilities are most often:<br>A)
Q11: How is a contingent liability reported if
Q12: Which of the following is a documentary
Q13: You observe that a company's current ratio
Q15: Which of the following items listed provide
Q16: In case of deferred revenue liabilities, when
Q17: Which of the following statements is FALSE?<br>A)
Q18: Which of the following is NOT helpful
Q19: Which of the following will NOT understate