An example of fraud would be:
A. Issuing a purchase order without first securing bids.
B. Buying raw materials from an affiliated company.
C. Knowingly classifying a noncurrent receivable as a current receivable.
D. Forgetting to accrue salaries and wages payable.
Answer:C
An example of fraud would be:
A. Issuing a purchase order without first securing bids. B. Buying raw materials from an affiliated company. C. Knowingly classifying a noncurrent receivable as a current receivable. D. Forgetting to accrue salaries and wages payable.