Fraud MCQ Fraud Chapter 13 When accounts payable-related liabilities are understated, purchases and inventory are often ______, or the financial statements don't balance.

When accounts payable-related liabilities are understated, purchases and inventory are often ______, or the financial statements don't balance.

Naim 09:24 Fraud Chapter 13

When accounts payable-related liabilities are understated, purchases and inventory are often ______, or the financial statements don't balance.

A. Overstated
B. Understated
C. Correctly stated
D. It is impossible to tell

Answer: B

Fraud MCQ

When accounts payable-related liabilities are understated, purchases and inventory are often ______, or the financial statements don't balance.

When accounts payable-related liabilities are understated, purchases and inventory are often ______, or the financial statements don't balance.

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