Principles of Accounting
Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Fraud
Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.
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Ferrari Industries has current assets of $680,000 and current liabilities of $340,000. What is its working capital? (A) $150,000 (B) $200,000 (C) $280,000 (D) $340,000 (E) $420,000
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