The sum of the lengths of any two sides of a triangle must be greater than the length of the third side. 5-5 The Triangle Inequality Is it possible to form a triangle with the given side lengths? If not, explain why not. 1. 5 cm, 7 cm, 10 cm SOLUTION: The sum of the lengths of any two sides of a triangle must be greater than the length of the third side. Yes; 5 + 7 > 10, 5 + 10 > 7, and 7 + 10 > 5 ANSWER: Yes; 5 + 7 > 10, 5 + 10 > 7, and 7 + 10 > 5 2. 3 in., 4 in., 8 in. SOLUTION:
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in the “The CPA Journal”, “many studies suggest fraud is more likely to occur when someone has an incentive (pressure) to commit fraud, weak controls or oversight provide an opportunity for the person to commit fraud, and the person can rationalize the fraudulent behavior (attitude).” This is known as the fraud triangle. There are two types of fraud: fraudulent financial reporting and misappropriation of assets. For the first one, this kind of frauds came from the top management. Most of the pressures
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ACCT 212 Final Exam Ratings: (0)|Views: 472 |Likes: 0 Published by ssdasdasdas See more ACCT 212 Final Exam / FinancialAccounting Click this link to get the tutorial:http://homeworkfox.com/tutorials/business/15355/acct-212-final-exam-financial-accounting/ 6. (TCO 6) Depreciation is a process to allocate the cost of long-life assets to each period'sincome statement and adjusts the value of the asset on the balance sheet. (1) Explain how thestraight-line method is computed (10 points) and
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The Case of Kay Lemon Detect/Prevent Fraud in Financial Statements Professor K. Day Angela Born March 1, 2015 Case of Kay Lemon Lemon concealed her larceny by using the technique of false debits. These debits were made to the inventory account overvaluing the assets on the books. She used a billing scheme to cover her theft by inflating the amount of payment made to the vendor on the books. Per the books, the vendor was paid a larger amount than the actual invoiced amount and she was
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Bonnie Sweeten This case received media attention when Bonnie Sweeten called 911 on May 26, 2009 stating she and her 9 year old daughter had been kidnapped. She claimed two males forced the two in the trunk of her SUV. It was later discovered that Sweeten faked the whole ordeal and was actually caught at Disney World and taken into custody. Bonnie falsely claimed the abduction and details of the case are unfolding daily. Many would think a mother that would pull a stunt of such nature as Sweeten
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A337/A523 Accounting Information Systems Midterm Study General There will be two narratives, one for context/physical DFD, one for the flowchart. It is important for your DFDs to be consistent with each other. (See the Documentation Exercises for worked examples) DFD The physical DFD should be annotated with flow labels. At this point, you are expected to know the 4 DFD symbols and how to apply them. Flow Chart This will be a shorter narrative and/or partially completed one I will
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giving away your case ahead of time. 2. Design a vulnerability chart to coordinate the various elements of the possible fraud. Case study 2 Based on your understanding of a fraud examiner's responsibilities regarding documents what should the audit firm personnel have done with their documents if they had suspected that fraud had occurred. Components of the fraud triangle, which are pressure, opportunity and justification, are similar to the fuel, spark and oxygen which together cause fire
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------------------------------------------------- City of Bell Fraud & Corruption Analysis April 17, 2016 Professor Diana Hinton Bryan Ruley April 17, 2016 Professor Diana Hinton Bryan Ruley City of Bell Background In 1876 The City of Bell was founded by a pioneer named George Bell and his wife. Bell was incorporated as a city in 1927. The city is located in Los Angeles County California. With a population of 36,664. Here’s some background on the City of Bell’s City Council members
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Kyle Welch 2/19/2015 Fraud Paper In the movie “Office Space”, three men at an Information Technology company begin to commit computer fraud. They embezzle (steal) a fraction of a penny from each of the company’s financial transactions to a separate account of their own. Because the amount of money seems so small, it seems unlikely that anybody would notice the missing money. The fraud they commit in the movie is referred to as misappropriation of assets, which is the embezzlement of company
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Define Forensic Accounting * The application of investigative and analytical skills for the purpose of resolving financial issues in a manner that meets standards required by courts of law * Forensic accounting does not equal fraud Define Fraud * Fraud is the result of misleading, intentional actions or inaction to gain an advantage Areas forensic accounting investigates * Public and private companies. Which part of SOX is the part that CEO relies on forensic accountants? *
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