Which of the following is a misappropriation of assets? a. Classifying inventory held for resale as...

Question

Which of the following is a misappropriation of assets?

a. Classifying inventory held for resale as supplies.

b. Investing cash and earning at a 3 percent rate of return as opposed to paying off a loan with an interest rate of 7 percent.

c. An employee of a consumer electronics store steals 12 CD players.

d. Management estimates bad debt expense as 2 percent of sales when it actually expects bad debts equal to 10 percent of sales.

Robert · Accepted Answer

Which of the following is a misappropriation of assets? 
a. Classifying inventory held for resale as supplies. 
b. Investing cash and earning at a 3 percent rate of return as opposed to paying off a 
loan with an interest rate of 7 percent. 
c.

Which of the following is a misappropriation of assets? a. Classifying inventory held for resale as supplies. b. Investing cash and earning at a 3 percent rate of return as opposed to paying off a...

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