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A teller at a savings and loan drive-through accepted a cash payment from customer #1 for an auto loan. The teller appeared to process the payment, but told the customer the printer was jammed and she can't print a receipt. The customer accepted the excuse and drove away. The teller pocketed the cash and wrote down customer #1's loan number and payment amount for future reconciling. A couple of days before customer
#1's monthly statement was printed, the teller recorded a cash payment from customer
#2 as if it were made by customer #1. The teller pocketed the difference between the two payments. The teller continued to steal and misapply customer payments for the next two years without detection. Identify the type of fraud scheme described. Describe five controls you would implement to address the fraud risk, and label each control as preventive or detective.
smelly perfume company manufactures and distributes several different products. they currently use a plant-wide
describe how peachtree complete accounting produces information that can be used to manage the business. identify and
When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be
imperial jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts to members of a
During the last year, Bush Company had net income under absorption costing which was $5,500 lower than its income under the variable costing.
the abc company manufactures components for use in producing one of its finished units. when 12000 units are produced
What are the major factors that both constrain and influence a legislative body's budgetary deliberations? How do agencies attempt to influence a state legislature or Congress on behalf of their programs?
when applying overhead to products in an activity-based costing system a. cash or a liability is debited and
A construction company uses the percentage-of-completion method for long-term construction contracts. A particular job was begun in 2010 and completed in 2012. During 2011, it appeared that the project would cost 25 percent more than originally ex..
capati corporation is working on its direct labor budget for the next two months. each unit of output requires 0.41
It's Kinda China produces collectible pieces of act. The company's Raw Material Inventory account includes the cost of both direct and indirect materials. Account balances for the company at the beginning and end of July 2008 follow:
the peace barber shop employs four barbers. one barber who also serves as the manager is paid a salary of 1800 per
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