False Asset Valuation
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Please describe and discuss what a false asset evaluation in a financial statement fraud is?
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Solution Summary
This 228 word solution provides a brief summary and examples of false asset valuations. It includes some of the various ways that companies can be made to look healthier than they actually are, all of which are fraudulent accounting practices.
Solution Preview
What can make a company look healthier in their financial statements? Either higher assets or lower liabilities. In regards to higher assets, the more a company shows, the better it looks to its customers and stockholders. Assets are what are used to pay off creditors, so the higher they are, the better the company looks on paper. So, how do you increase ...
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