Question

Which is an example of fraudulent financial reporting?

a. An employee borrows small tools from the co. And neglects to return them. The cost is reported as a miscellaneous operating expense.

b. An employee diverts customer payments to her personal use, concealing her actions by debiting an expense account, thus overstating expenses.

c. Several employees steal inventory, and the shrinkage is recorded as a cost of goods sold.

d. Company management falsifies inventory count reports, thereby overstating ending inventory and understating cost of sales?

Answer 1

Answer:

default access is the "package oriented" access modifier. Option A and C are wrong because public and protected are less restrictive