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Which of the Following Is an Example of Misappropriation of Assets

Question 53

Multiple Choice

Which of the following is an example of misappropriation of assets resulting in a misstatement in the balance sheet?


A) Cash from a cash sale was stolen, and the transaction was not recorded.
B) Assets were stolen, and the misappropriation was discovered.
C) Cash collected from a customer was stolen, and the account receivable for the customer's account was not credited.
D) both A and C

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