MINI-EXERCISES sproval, Ybolisnost s 25onsisd ibri LO 5-1 malicies lacu alone isviloojdo lo espe Graw Tounos ismini as to alonogoo svil Slavi M5-1 Matching Circumstances to the Fraud Triangle connect Match each of the following circumstances to the corresponding element of the fraud triangle by entering the appropriate letter in the space provided. 1. Employee has significant personal debt. Ind 2. One employee receives and deposits customer checks. about dasaa 3. CFO feels she is underpaid relative to other financial officers. 4. Manager approval is not required for expense reports. A. Incentive B. Opportunity C. Rationalization

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Certification Question 37 of 50 Your client is using advanced matching in the bank feed to find a match for a deposit that was made last week. While in the match transactions screen, he realizes that a rebate cheque was missing from the deposit, and he wants to enter it right onto the deposit. What two things are true about using the resolve difference feature in this scenario? One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again. O QuickBooks Online creates a journal entry to reflect the added information QuickBooks Online creates a new deposit to reflect the added information O The total amount of the deposit - including the resolving transaction - will appear as two separate deposits on your bank reconciliation screen The total amount of the deposit - including the resolving transaction- will appear as a single deposit on your bank reconciliation scroen QuickBooks Online creates a…

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Required information Chapter 04 Problem 4-31 LO 4-6, 4-9 [The following information applies to the questions displayed below.] Management fraud (e.g., fraudulent financial reporting) is a relatively rare event. However, when it does occur, the frauds (e.g., Enron and World Com) can have a significant effect on shareholders, employees, and other parties. The PCAOB's AS 2401, Consideration of Fraud in a Financial Statement Audit, provides the relevant guidance for auditors. Chapter 04 Problem 4-31 Part b LO 4-6, 4-9 b. Select the three conditions that are generally present when fraud occurs: Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Management or other employees have an incentive or are under pressure that provides a reason to commit fraud. Circumstances exist that provide an opportunity for a fraud to be carried…

0.69 8:34 KB/S 2:44 5G Vo 1 LTE 2 +91 98156 34462 Yesterday, 9:12 pmek 2.docx ACC1310 Lab 1-Week 2 Accounts Receivable Bad Debts • Recording Bad Debt - Percentage of sales Aging of receivables • Write off Bad Debt • Recovery of Bad Debt QS 8-1 Entries for sale on credit and subsequent collection LO1 Journalize the following transactions for Kimmel Company (assume a perpetual inventory system): a. On March 1, Kimmel Company sold $40,000 of merchandise costing $32,000 on credit terms of n/30 to JP Holdings. b. On March 27, JP Holdings paid its account in full. QS 8-5Adjusting entry to estimate bad debts- percentage of sales LO2,3 Lexton Company uses the allowance method to account uncollectible accounts receivable. At year-end, October 31, it was estimated that 0.6% of net credit sales were uncollectible based on past experience. Net sales were $690,000, of which 2/3 were on credit. Record the entry at year-end to estimate uncollectible receivables. QS 8-6Adjusting entry to estimate bad…