Question

Name the three fraud-motivating forces.

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Financial Accounting

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: Describe presentation and disclosure regarding revenue.

A: Disclosure:   A disclosure is a statement that recognizes the policies of the business as it serves ...

Q: The comparative statements of Oriole Company are presented here. ORIOLE COMPANYIncome Statement...

A: Hey, since there are multiple requirements posted, we will answer the first three requirements. If y...

Q: Wadsworth Distribution Company has total advertising expenses of $84,000: $32,000 for radio and $52,...

A: Expense for print advertising allocated to Department A = (Total print advertising expenses / Total ...

Q: Assume that you are the team leader of strategic planning and advisory board of M/S XYZ company. The...

A: Click to see the answer

Q: Which of the following statements is NOT true?a. Sorting records that are coded alphabetically tends...

A: Click to see the answer

Q: Accounting Question

A: Straight line depreciation = ( Cost of asset - salvage value ) / useful life of asset.

Q: What do the financial statements of the acquirer include?

A: In consolidation or merger or acquisition there is an acquirer and an acquiree The acquire purchases...

Q: Gridley Company issued $988,000, 12%, 10-year bonds on December 31, 2014, for $928,720. Interest is ...

A: Discount on bonds payable = Face value of bonds issued - selling price ofBonds  = $988,000 - $928,72...

Q: Briefly explain the conditions when a contract modification shall be accounted for as a separate per...

A: Click to see the answer

Q: On March 1, 2017, Parnevik Company sold goods to Goosen Inc. for $660,000 in exchange for a 5-year, ...

A: Workings: Given values: Face value of note = $ 1062937

Q: (Sales with Allowances) On October 2, 2017, Laplante Company sold $6,000 of its elite camping gear (...

A: Click to see the answer

Q: Why does the shareholder liability limited?

A: Shareholders generally hold shares of the company which is limited by shares. A company limited by s...

Q: Dividing Partnership Net Income Required: Steve Jack and Chelsy Bernard formed a partnership, dividi...

A: A partnership is an organization formed by an agreement, usually a partnership deed between 2 or mor...

Q: (Debt Investments) Presented below is information taken from a bond investment amortization schedule...

A: When a bond is issued at a less price than its par or face value, then it will be said as bonds are ...

Q: Fuhremann Co. is a full-service manufacturer of surveillance equipment. Customers can purchase any c...

A: Click to see the answer

Q: A building with an appraisal value of $135,757 is made available at an offer price of $158,563. The ...

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,...

Q: Explain when does a contract meet the definition of a lease?

A: According to IFRS 16 a lease is defined as, "a contract, or part of a contract, that conveys the rig...

Q: (Franchise Entries) Pacific Crossburgers Inc. charges an initial franchise fee of $70,000. Upon the ...

A: a.  

Q: You are the CFO for Tom & Jerry’s, Inc. Together with Tom Fheelein and Jerry Rhodeint, the compa...

A: 1.

Q: How can we determine the net income from operations and then adjust the net income?

A: Click to see the answer

Q: What is the Computing equivalent savings per machine-hour? Explain with an example?

A: In costing and especially marginal costing you need make decisions regarding purchase of different m...

Q: Accounting Question

A: Click to see the answer

Q: (Franchise Revenue) Amigos Burrito Inc. sells franchises to independent operators throughout the nor...

A: Definition: Franchise: The franchise is the right to sell a company’s product with the specified ter...

Q: (Investment Accounted for under the Equity Method) On July 1, 2018, Fontaine Company purchased for c...

A: Investments:   Companies invest in stocks and bonds of other companies or governmental entity to de...

Q: The following data are taken from the financial statements of Cullumber Company.     2022   2...

A: Accounts receivable turnover = Net sales on account / Average Accounts receivable   Average collecti...

Q: Prepare an entity relationship diagram, in good form, for the expenditure cycle, which consists of b...

A: Click to see the answer

Q: What is business ethics?

A: Ethics:   Ethics in business is a much debated yet less followed topic. Every business has to functi...

Q: What factor influences the decision to employ real-time data collection with batch updating rather t...

A: Definition: Transaction process system: The transaction process system can be defined as a system de...

Q: Internal control system comprises the company's policies, practices and procedures which are employe...

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the ac...

Q: Please solve the question ASAP.

A: Click to see the answer

Q: On September 1, 1,500 shares of M Company stock are acquired at a price of $24 per share plus a $40 ...

A: When any security is acquired ,the cost of acquisition would include all brokerage and commission co...

Q: Why do most of the firms select straight-line depreciation for book depreciation?

A: Straight Line Depreciation method is a method in which original cost of asset after salvage value is...

Q: On the first day of the current fiscal year, $200,000 of 5-year, 10% bonds, with interest payable an...

A: Discount on Bonds payable = Face value of bonds - issue price of bonds = $200,000 - $192,462 = $7,53...

Q: Assume that on January 1, First Union Co. purchases for cash a $400,000 of Medford City 5% bond at 1...

A: Total cash paid for investment = Bonds + Accrued interest = $400,000 + $4,500 = $404,500

Q: Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATIONCompa...

A: Formula: Increase or decrease = Value of 2022 - value of 2021.

Q: The management of Unter Corporation, an architectural design firm, is considering an investment with...

A: Formulas:

Q: What are the three main reasons that many companies are terminating long-standing defined benefit pl...

A: Defined - Benefit Plan: Under this plan, an employee gets guaranteed/fixed pension income when he/sh...

Q: Accounting Question

A: Click to see the answer

Q: Apex Company prepared the statement of cash flows for the current year that is shown below:Apex Comp...

A: Free cash flow of a company means net income of the company excluding non cash expenses of the incom...

Q: (Determine Transaction Price) Taylor Marina has 300 available slips that rent for $800 per season. P...

A: (a) Prepare the appropriate journal entries for December 31, 2017, and December 31, 2018.

Q: Explain whether the cost accounting system primarily supports internal or external reporting.

A: Cost Accounting System: Cost accounting system refers to as a framework designed by the company to ...

Q: What are the rights of preferred shares?

A: Two kinds of shares may be issued. 1 ) Preference shares 2 ) Equity shares.

Q: Explain the meaning of a temporary difference as it relates to deferred tax computations, and give t...

A: Deferred tax liability: Deferred tax liability is the postponed or pulled off liability due to the b...

Q: On the first day of the current fiscal year, $200,000 of 10-year, 7% bonds, with interest payable an...

A: Click to see the answer

Q: Identify additional issues in accounting for income taxes

A: Income Tax: Income refers to an enforced contribution of the individual, firm or an entity from the...

Q: Example 20 in the textbook happens to involve a contribution to the Girl Scouts. Don’t know about yo...

A: A charitable contribution refers to a donation or a gift which is made voluntarily to a qualified or...

Q: How are the depreciation expenses calculated?

A: Depreciation:  Depreciation refers to the reduction in the monetary value of a fixed asset due to it...

Q: Required 1. Prepare the cost of goods sold section of the income statement at December 31, 2017, for...

A: Formulas:  

Q: Assets are A. the same as expenses because they are acquired with cash B. financed by the stockhold...

A: Assets: Assets are the economic resource of the entity.

Q: In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebr...

A: Click to see the answer