Which of this is not an element of the Fraud Triangle a. Pressure/Motivation b. Opportunity c. Rationalization d. Allowance

11. Inventory on hand is expressed as a. Asset on the Balance Sheet b. Expense on the Income Statement c. Liability on Balance Sheet d. None of the above

12. FOB Shipping Point means a. Purchaser owns goods while in transit b. Purchaser pays transportation costs c. Inventory is included in purchasers inventory count d. All of the above