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Forensic Accounting

Category - Specialized Forensic Knowledge

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What effect does inclusive fraud have on inventory?

It is overstated
It is understated
No change
None of the above

Explanation

Answer: A - In regards to inclusive fraud, an overstatement of inventory is reported. Inclusive fraud refers to false transactions. Inventory must be correctly reported for financial statements to be true and fair.

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Forensic Accounting

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Forensic Accounting

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