(TCO 4) The financial statements of a merchandising company will show (Points
the same accounts as the financial statements of a service company.
gross profit after net income on the income statement.
inventory as a current asset on the balance sheet
1. (TCO 5) The three main components of the fraud triangle are (Points : 3)
rationalization, opportunity, and greed.
opportunity, motive, and lack of ethics.
motive, opportunity, and rationalization.
None of the above
Question 2. 2. (TCO 5) Which of the f
(TCO 2) A company received cash in exchange for issuing stock. This transaction increased assets and
(Points : 3)
Question 2. 2. (TCO 2) A company performed services for a cu
1. (TCO 1) The type of accounting that makes projections to determine if a company should build a new
store is (Points : 3)
Question 2. 2. (TCO 1) Which type of busin