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Requirement a. Assuming that each of these misstatements was intentional (fraud), state the most likely motivation of the person responsible. A (Click the icon to
Requirement a. Assuming that each of these misstatements was intentional (fraud), state the most likely motivation of the person responsible. A (Click the icon to view the motivation choices. Each choice may be used more than once.) Motivation Requirement a choices - X Misstatement A check was omitted from the outstanding check list on the June 30 bank reconciliation. It cleared 1. the bank July 7. Cash receipts collected on accounts receivable from July 1 to July 5 were included as June 29 and 2. 30 cash receipts. A check that was dated June 26 and disbursed in June was not recorded in the cash 3. disbursements journal, but it was included as an outstanding check on June 30. A check was omitted from the outstanding check list on the bank reconciliation. It cleared the bank 4. September 6. A. To cover a shortage. B. Hold open books to improve cash position. C. Kiting Original check was unauthorized and illegal. Outstanding check made the bank reconcile. E. To cover a cash shortage or to improve the current ratio. 5. The outstanding checks on the June 30 bank reconciliation were underfooted by $2,000. A loan from the bank on June 26 was credited directly to the client's bank account. The loan was 6. not entered as of June 30. A bank transfer recorded in the accounting records on July 1 was included as a deposit in transit 7. on June 30. Print Done Requirement a. Assuming that each of these misstatements was intentional (fraud), state the most likely motivation of the person responsible. A (Click the icon to view the motivation choices. Each choice may be used more than once.) Motivation Requirement a choices - X Misstatement A check was omitted from the outstanding check list on the June 30 bank reconciliation. It cleared 1. the bank July 7. Cash receipts collected on accounts receivable from July 1 to July 5 were included as June 29 and 2. 30 cash receipts. A check that was dated June 26 and disbursed in June was not recorded in the cash 3. disbursements journal, but it was included as an outstanding check on June 30. A check was omitted from the outstanding check list on the bank reconciliation. It cleared the bank 4. September 6. A. To cover a shortage. B. Hold open books to improve cash position. C. Kiting Original check was unauthorized and illegal. Outstanding check made the bank reconcile. E. To cover a cash shortage or to improve the current ratio. 5. The outstanding checks on the June 30 bank reconciliation were underfooted by $2,000. A loan from the bank on June 26 was credited directly to the client's bank account. The loan was 6. not entered as of June 30. A bank transfer recorded in the accounting records on July 1 was included as a deposit in transit 7. on June 30. Print Done
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