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QUESTION 1 The warehouse manager maintains physical inventory records as well as the accounting records. With respect to the Fraud Triangel, this circumstance is an
QUESTION 1 The warehouse manager maintains physical inventory records as well as the accounting records. With respect to the Fraud Triangel, this circumstance is an example of: O Rationalization. o Opportunity. O Incentive. O Verification. QUESTION 2 On September 1, 2020, Balboa Company invests $40,000 in a 2-month CD that pays an annual interest rate of 1.5 percent. Assume that the CD matures on October 31 and that Balboa prepares financial statements at the end of each calendar month. Which of the following statements is true? O Balboa will credit interest receivable by $50 on October 31. Balboa will debit interest receivable by $100 on October 31. Balboa will debit cash by $40,000 on September 30. o Balboa will debit interest income by $50 on September 30. QUESTION 3 An animal shelter purchases 250 plain T-shirts that it plans to customize and sell at an upcoming crafts fair. The supplier sends an invoice for $1,550, including shipping, to be paid within 30 days. The shelter pays one of its volunteers, a graphic artist, $180 to develop a customized logo for the shirts. A local shop charges $1.80 per shirt to print the logo. What is the total dollar amount that should be debited to the inventory account
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