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Kevin Malone, an accounting clerk, has stolen $1,700 in cash from the company where he is employed. He does the bank reconciliation this month and
Kevin Malone, an accounting clerk, has stolen $1,700 in cash from the company where he is employed. He does the bank reconciliation this month and knows that the bank reconciliation will be out of balance by $1,700 because of his theft. He decides to falsify the amount of the outstanding cheques. Why would he do this, and why would he overstate or understate the outstanding cheques?
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