Misappropriation of company assets can occur in the following ways
A)customers can set up accounts for actual vendors and process payments to these vendors
B)employees can create fictitious employees and misdirect payroll for these employees to their own accounts
C)employees can make purchases of inventory or supplies on the company account and use the items as part of their job in the company
D)customers can set up accounts receivable for fictitious customers and process payments to these customers
E)employees can set up accounts for fictitious vendors and process payments to these vendors
F)both A and C
G)both B and E

Question

Quizplus · Accepted Answer

Misappropriation of company assets often involves employees creating fictitious entities (like employees or vendors) and directing company funds to themselves or others improperly. Choices B and E directly describe such scenarios, where employees create fictitious employees or vendors and misappropriate funds.

Misappropriation of Company Assets Can Occur in the Following Ways