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Which combinations is a good means of hiding employee fraud

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Reference no: EM132716318

Problem 1: Which of the following combinations is a good means of hiding employee fraud but a poor means of carrying out management (financial reporting) fraud?

Multiple Choice

Option 1: Overstating sales revenue and overstating customer accounts receivable balances

Option 2: Understating interest expense and understating accrued interest payable

Option 3: Overstating sales revenue and overstating bad debt expense

Option 4: Omitting the disclosure of information about related-party sales to the president's relatives at below-market prices

Reference no: EM132716318

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