QUESTION: 85

Persuasive evidence of an arrangement does not exist when:

Revenue and corresponding expenses doesn't match each other.
No written or verbal agreement exists.
Timings not meet properly
Capitalized expenses and Liabilities will not be up to satisfied level

Answer(s): B

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QUESTION: 86

Physical assets including _________ and ________ are the most commonly misappropriated noncash asset in our study.

Interest & Collusion
Inventory & Equipment
Inventory & Purchase
Sales & Equipment

Answer(s): B

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QUESTION: 87

Which of the following is NOT the method for stealing inventory and other assets?

Larceny schemes
Asset requisition and transfer
Purchasing and receiving schemes
Sales & Equipment handling

Answer(s): D

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QUESTION: 88

Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

True
False

Answer(s): A

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Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 23)

QUESTION: 85

QUESTION: 86

QUESTION: 87

QUESTION: 88

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