Multiple Choice
Which of the following situations most likely represents the highest risk of a misstatement arising from misappropriation of assets?
A) A large number of bearer bonds on hand.
B) A large number of inventory items with low sales prices.
C) A large number of transactions processed in a short period of time.
D) A large number of fixed assets with easily identifiable serial numbers.
Correct Answer:
Verified
Correct Answer:
Verified
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