Which of the following factors does not contribute to fraudulent activities? O financial pressure O opportunity promotion O rationalization Accoring to the January 31, 2021 physical inventory count, Marigold Company has $24560 in inventory on hand at year end. In addition, at year end the company has $1230 of merchandise in transit purchased from a supplier and shipped FOB destination. Included in the physical inventory count was $1000 of goods held on consignment for a local manufacturer. How much inventory should be reported on the company's January 31, 2021 balance sheet? $24560 O $25790 O $24790 O $23560 Which of the following statements is correct? O Under a periodic system, the Merchandise Inventory account is only updated once per period. O Cost of goods sold computed under a periodic system would be higher than under a perpetual system. The value of inventory computed under a periodic system would be lower than under a perpetual system. O Under a perpetual system, the Merchandise Inventory account is only updated once per period. Profit from operations will result if O revenues exceed operating expenses. O revenues exceed cost of goods sold. gross profit exceeds operating expenses. O the cost of goods sold exceeds operating expenses