12 Question 33 (1 point) Most companies make adjusting entries for depreciation because: O 1) Their plant assets lose market value over time. O 2) The matching concept must be upheld in financial statements O 3) Both A and B O 4) Neither A nor B. Harriet is an accounts receivable clerk at Pantera Enterprises, LTD. Harriet receives cash payments via US Mail, and then applies the payment to customer accounts in the accounting system. Harriet has been embezzling money from her employer for 10 years. What aspect of the Fraud Triangle is most applicable to the narrative above? O 1) Pressure O 2) Rationalization O 3) Confiscation 4) Opportunity 13 Darrell and Vince Abbott are both 50% partners in Pantera Metal Services, LLP. They also happen to be brothers and best friends. Based on these facts: o 1) They should not worry about internal controls, because they are family and they can trust each other The brothers should design, implement, and monitor a system of internal controls that are appropriate for their risk environment. O 3) The brothers should do nothing, because trust is a good enough internal control in this case. 4) They should do nothing and go scuba diving