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NEW QUESTION 53
________ increase assets and expenses and/or decrease liabilities and/or equity- A. Debit
- B. Journal Entries
- C. Credit
- D. None of all
Answer: A
NEW QUESTION 54
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.
**Answer: **
Explanation:
Inventory control
NEW QUESTION 55
Which of the following offender types in which people who take the money and run away?- A. Offender types
- B. Long-term violators
- C. None of the above
- D. Absconders
Answer: D
NEW QUESTION 56
Which of the following must be present for a fraud to exist?- A. Knowledge that the statement was false when it was uttered
- B. A material false statement
- C. All of the above
- D. Reliance on the fast statement by the victim
Answer: C
NEW QUESTION 57
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