Lesson1Assignment

Lesson1Assignment - 2. I have a fiduciary responsibility to...

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Lesson 1 Acct 4235 Student Name: Aaron Adderley Enrollment #: 648009 Multiple Choice Questions 1: A 2: D 3: A 4: D 5. A 6. B 7. B 8. C 9. D 10. D 11. D 12.B 13. B 14. C 15. B 16. B 17. C 18. D 19. A 20. D Case Questions 3. 1. Customer Fraud 2. Investment Scam 3. Employee Embezzlement 7. 1. Fraud in the form of employee embezzlement is being committed against the firm, as Bob is using the assets of the firm for personal gain.
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Unformatted text preview: 2. I have a fiduciary responsibility to my employer. As a consequence, I have a responsibility to report fraud within the organization to appropriate company personnel as I become aware of it. 8. XYZ will most likely have to generate $714,286 in additional revenue to cover the loss. ($50k divided by 7%)...
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This note was uploaded on 07/06/2008 for the course ACCT 4235 taught by Professor Online during the Spring '08 term at LSU.

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Lesson1Assignment - 2. I have a fiduciary responsibility to...

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