A tangible asset is one which is:

Answer(s): C

_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

Answer(s): A

__________ are the amounts which are owned to other entities:

Answer(s): D

Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

Answer(s): B

Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 8)