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All of the Following Are Indicators of Financial Statement Fraud

Question 1

Multiple Choice

All of the following are indicators of financial statement fraud EXCEPT:


A) companies with unrealistically large growth in assets, revenues or profits.
B) companies with a principal who has been involved in a bankruptcy.
C) companies whose success depends on a special tax loophole or tax avoidance scheme.
D) companies that report contingent liabilities that have the potential to create a loss.

Correct Answer:

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