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ACCT 562 SAMPLE MULTIPLE CHOICE QUESTIONS AND ANSWERS



Chapter Five



87.	The most common method of detecting occupational fraud is:

a.	External auditors.

b.	Internal auditors.

c.	Accident.

d.	Tips.



88.	A company has a 22% profit margin and has employee fraud of $220,000. Calculate the additional revenue needed to offset this lost income.

a.	$540,000.

b.	$720,000.

c.	$820,000.

d.	$1,000,000. ($220,000/.22)



90.	Which is an incorrect statement?

a.	Cash flow analysis may indic...
ACCT 562 SAMPLE MULTIPLE CHOICE QUESTIONS AND ANSWERS
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ACCT 562 SAMPLE MULTIPLE CHOICE QUESTIONS AND ANSWERS



Chapter Five



87.	The most common method of detecting occupational fraud is:

a.	External auditors.

b.	Internal auditors.

c.	Accident.

d.	Tips.



88.	A company has a 22% profit margin and has employee fraud of $220,000. Calculate the additional revenue needed to offset this lost income.

a.	$540,000.

b.	$720,000.

c.	$820,000.

d.	$1,000,000. ($220,000/.22)



90.	Which is an incorrect statement?

a.	Cash flow analysis may indic...
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