Which of the following statements regarding fraud is INCORRECT? A. Fraud violates the...
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Accounting
Which of the following statements regarding fraud is INCORRECT?
A. Fraud violates the rights of many for the temporary betterment of a few and for the ultimate betterment of no one.
B. The perpetrators of fraud usually do so for their own short-term economic gain.
C. Motive, opportunity, and rationalization are elements that make up virtually every fraud.
D. Misappropriation of assets is a type of fraud that is committed by company managers who make false and misleading entries in the books in order to improve a company's financial results.
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