A fraud that involves the improper recognition of assets is known as a ________.
A)red flag
B)dangling debit
C)dangling credit
D)profit squeeze

Question

Quizplus · Accepted Answer

A dangling debit is a type of financial fraud that involves leaving a debit balance in an account to conceal fraudulent activities. It is a type of improper recognition of assets. Red flag is a warning sign that indicates the possibility of fraudulent activities, whereas a dangling credit and profit squeeze are not related to the improper recognition of assets.

A Fraud That Involves the Improper Recognition of Assets Is