Fraud Examination
Fraud Examination
6th Edition
ISBN: 9781337619677
Author: Albrecht, W. Steve, Chad O., Conan C., Zimbelman, Mark F.
Publisher: Cengage,
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Chapter 2, Problem 8SC
To determine

The opportunities to commit fraud.

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Brightstar, Inc., reported a balance of $200 in its cash account at the end of the month. There were $180 of deposits in transit and $150 of checks outstanding. The bank statement showed a balance of $210, service charges of $5, and the collection of a note plus interest. The note had a face value of $20. How much interest did the bank collect for the company?
What is the return on assets (ROA)?

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Fraud Examination

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