In liability fraud, liabilities are most often:

a. understated.
b. overstated.
c. recorded as assets.
d. recorded as expenses.

a
FEEDBACK: a. Correct. Companies attempts to understate liabilities to make their financial position look better.
b. Incorrect.
c. Incorrect.
d. Incorrect.

Business

You might also like to view...

Regarding consumer media use, which of the following is true of the mass media in the 21st century?

A) It has grown obsolete in the face of the Internet. B) It is useful only for selling products. C) Print has lost significant ground to broadcast and cable. D) Although it is still important, social media is the new lead voice.

Business

Under U.S. law, the ____ is forbidden to be broadcast directly to American citizens

A. TOA B. VOA C. DOA D. BOA

Business