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In Which of the Following Situations Were the Financial Statements

Question 98

Multiple Choice

In which of the following situations were the financial statements not misstated?


A) Assets were taken, but the asset misappropriation was discovered and appropriately disclosed in the financial statements.
B) Assets were taken, and the theft was covered by misstating the related assets.
C) Assets were taken, and the theft was covered by understating revenues.
D) Assets were taken, and the theft was covered by overstating expenses.

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