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Unformatted text preview: 87. Which would be a good name for the scheme of listing investment income as operating revenue? a. Period shift. b. Expense manipulation. c. Liability trap. d. Revenue trick. e. Asset scam. 88. What is an equitable remedy that allows a person to win a dispute against a company that does not have standing to suit? a. Equity doctrine. b. Alter ego. c. Two‐prong test. d. Division analysis. e. Dominance doctrine. 89. Which would be a preventive control? a. Segregation of duties. b. Reconciliations. c. Surprise cash count. d. Surprise inventory count. e. All of the above. 90. Which would be a detective control? a. Required approvals. b. Job rotation. c. Passwords. d. Surprise cash account. e. All of the above. 91. Which would be a corrective control? a. Training. b. Event notifications. c. Perpetual inventory system. d. Job rotation. e. Alarm system. 92. Which is not one of the three types of controls? a. Minimizing. b. Corrective. c. Preventive. d. Detective. e. Both a and b. 93. Which would be a non‐fraudulent earnings management scheme? a. Bill‐and‐hold technique. b. Channel stuffing. Page 12 of 44 ...
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This note was uploaded on 07/16/2010 for the course ACCOUNTING 2301 taught by Professor Norton during the Summer '10 term at Academy of Design Tampa.
- Summer '10