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Financial Information for Allen Shapiro is presented Below. Using the Net Worth Analysis Method, calculate the increase in Allen's net worth and the unexplained sources
Financial Information for Allen Shapiro is presented Below. Using the Net Worth Analysis Method, calculate the increase in Allen's net worth and the unexplained sources of income. Suppose you are assigned to investigate the suspicious financial transactions of Mr Shapiro, what questions you are going to ask Mr Shapiro.
Note: Net Worth is Assets minus liabilities.
ASSETS YEAR YEAR YEAR
Cash on hand
Cash in bank
Certificates of deposits
Stocks and bonds
Vehicles
Real Property
Total Assets
LIABILITIES
Vehicle Loans
Mortgage
Total Liabilities
INCOME
Salary
Interest income
Total income
EXPERNDITURES
Vehicle payments
Mortgage payments
Additional living expenses
Total expenditures
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