Which of the following checks might indicate kiting?

a. 101 and 303

b. 202 and 404

c. 101 and 404

d. 202 and 303 

The following information was taken from the bank transfer schedule prepared during the audit of Fox Co.’s financial statements for the year ended December 31, 2003. Assume all checks are dated and issued on December 30, 2003.

Transcribed Image Text:

BANK ACCOUNTS DISBURSEMENT RECEIPT DATE DATE Check Per Per Per Per No. From To Books Bank Books Bank 101 National Federal Dec. 30 Jan. 4 Dec. 30 Jan. 3 202 County State Jan. 3 Jan. 2 Dec. 30 303 Federal State Dec. 31 Jan. 3 Jan. 2 404 State County Jan. 2 Jan. 2 Jan. 2 Dec. 31 Jan. 2 Dec. 31