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WGU C254 COMILED EXAM PACKAGE DEAL GRADED A+

WGU C254 COMILED EXAM PACKAGE DEAL GRADED A+

8 items

WGU C254 Topic 9 (questions and answers)complete

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People will often be dishonest if they are placed in: a. An environment with poor controls. b. An organizational setting with strict accountability c. Positive modeling and labeling. d. A positive work environment. - An environment with poor controls. Which of the following is not a factor in c...

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WGU C254 Topic 3 Questions And Answers!!

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According to the financial statement fraud detection framework, fraud is rarely detected by which of the following: a. Analyzing the financial statements b. Understanding the inherent risks of a specific industry c. Learning management's motivations d. Breaking down and analyzing internal cont...

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WGU C254 Topic 4 Rated 100% Correct!!

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Which are the two most commonly manipulated to perpetrate financial statement fraud? - Revenues and Accounts Receivable SAS 99 requires auditors to assume there are material misstatements in revenue, though realizing there are situation-specific methods to recognize revenue and interpret the asso...

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WGU C254 Topic 6 (questions and answers)complete

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Which of the following is a transaction that creates real liabilities for a company? a. Co-signing on a loan as a secondary signee. b. Collecting cash prior to the performance of a service. c. None of the above. - Collecting cash prior to the performance of a service When accounts payable-relate...

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WGU C254 Topic 8 with well explained answers

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Which of the following types of frauds are considered the most difficult to find, usually requiring a tip? a. Overstatement of asset-related financial statement fraud. b. Inadequate disclosure financial statement fraud. c. Revenue-related financial statement fraud. d. Cost of goods sold-related ...

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Wgu C254 Topic 1 with well explained answers

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America's capital markets are the envy of the world because of their efficiency, liquidity, and resiliency. What role do financial statements play in American capital markets? - They present a fair picture of the financial position and results of the organization Why are American financial state...

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C254 Fraud and Forensic Accounting |57 Questions and Answers(A+ Solution guide)

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Which action is potentially unethical because it understates COGS? A. Understating purchases B. Understating purchase returns C. Understating ending inventory D. Understating purchase discounts - A Why is it unethical for a supervisor to ask an accountant to capitalize the marketing research pr...

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C254 WGU Practice Review | 262 Questions And Answers | Rated 100% Correct!!

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In the past (early 20th century time-frame), what was the general consensus of the principal purpose of audits (including among auditors)? To detect fraud To certify for the public that management is qualified to run the entity To evaluate that companies follow GAAP Investigative and analytical...

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