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Describes a type of fraud that could increase net income

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Reference no: EM132751636

Problem 1: During recessionary periods, companies may look for opportunities to boost net income. Which of the following best describes a type of fraud that could increase net income?

A : Inventory fraud where inventory orders from vendors are canceled.
B : Discounting inventory to sell more to customers.
C : Asking accountants to work overtime to conduct physical inventory counts.
D : Inventory fraud where inventory is priced at amounts in excess of actual value.

 

Reference no: EM132751636

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