Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account. - PdfPrep.com

Posted by: Pdfprep Category: CFE Financial Transactions and Fraud Schemes Tags: Certified Fraud Examiner, CFE Financial Transactions and Fraud Schemes exam questions, CFE Financial Transactions and Fraud Schemes practice exam Post Date: February 12, 2021

Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.
A . True
B . False

Answer: B

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