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NEW QUESTION 21
Green was a salesperson whose job required frequent travel. When Green went on a trip with her family that was not business related, she saved the receipts from her flight, hotel, and restaurant expenses. She turned in these receipts to her manager along with an expense report that described the expenses as business related.
Green's company reimbursed her for the expenses. This is an example of what type of expense reimbursement scheme?
- A. A fictitious expense scheme
- B. A multiple reimbursement scheme
- C. A mischaracterized expense scheme
- D. An overstated expense scheme
NEW QUESTION 22
All of the following measures would help prevent the theft of company inventory EXCEPT:
- A. Restricting inventory access to authorized personnel only
- B. Having different people responsible for receiving inventory and shipping it
- C. Using prenumbered inventory receiving reports
- D. Having the purchasing supervisor perform the physical inventory count
NEW QUESTION 23
____________ is a summary of the account balances carried in a ledger.
- A. Financial statement
- B. General journal
- C. Balance sheet
- D. Income statement
NEW QUESTION 24
Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.
- A. False
- B. True
NEW QUESTION 25