Net sales times the historical gross profit percentage yields t the estimated A ending inventory B beginning inventory C gross profit D) cost of goods sold 41 Beginning inventory+ Net purchases- A] Cost of goods sold B) Cost of goods available for sale. C] Gross profit D Ending inventory. IS Cost of goods available for sale minus estimated Cost of Goods Sold yields the estimated: A ending inventory B] beginning inventory IC] gross profit. (DJ cost of goods sold A disgruntled employee convincing another to steal from the company is an example of 16] [A] collusion. B] monitoring. [C] the control environment. D] control activities. 17) Removing any of the components of the Fraud Triangle: [A] ensures that fraud will be eliminated. B] makes it more likely that fraud will increase. [C] has no impact on the occurrence of fraud. D] makes it less likely that fraud will occur