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  3. Study Set
    Fraud Examination Study Set 3
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    Exam 13: Liability, Asset, and Inadequate Disclosure Frauds
  5. Question
    All of the Following Adjustments Can Be Used to Understate
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All of the Following Adjustments Can Be Used to Understate

Question 2

Question 2

Multiple Choice

All of the following adjustments can be used to understate accounts payable EXCEPT:


A) recording purchases after year end.
B) overstating purchase discounts.
C) understating purchase returns.
D) omitting purchases.

Correct Answer:

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