Question

In the Fraud Tree, asset misappropriations are broken down into cash and non-cash schemes. Which of the following is not considered a misappropriation of cash?

a. Larceny
b. Skimming
c. Concealed expenses
d. Fraudulent disbursements

Answer 1

Concealed expenses.

Step-by-step explanation:

Concealed expenses.

it is approach or technique used in business where the company tries to conceal the liabilities and expenses to show the image of the company as a false or unrealistic image of the company.

With the approval of this approach, the company hides the loan agreement from a shareholder with one intention to present the healthy status of the company. concealing the liabilities helps to strengthen the company quick ratio