What is kiting

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Problem 1: What is kiting?

A. The perpetrator steals cash received from customer A to pay its accounts receivable.

B. Funds received at a later date from customer B are used to pay off customer A's balance.

C. The perpetrator covers up a theft by creating cash through the transfer of money between banks.

D. None of the above

Problem 2: The Institute of Management Accountants (IMA) also indicates that the second most important job activity of corporate accountants is:

A. Internal Consulting

B. Long-term strategic planning

C. Accounting systems and financial reporting

D. Managing the accounting and finance function

Problem 3:  __________ is the separation of the logical and physical views of data.

A. Subschema

B. Data dictionary

C. DBMS Languages

D. Program-data independence

Reference no: EM132679266

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