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The fraud triangle asserts that the three factors that must exist for a person to commit fraud are opportunity, pressure, and rationalization.

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Owner’s Capital and Owner’s Withdrawals are examples of______ accounts.

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The basic accounting equation is = +equity

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Cash equivalents are short-term highly liquid investment assets that are readily converted to a known cash amount, and have maturities of one year.

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Cash equivalents meet all of the following criteria except:

A. Have a market value that is not sensitive to interest rate changes.
B. More liquid than cash.
C. Short-term investments purchased within 3 months of their maturity dates.
D. Readily convertible to a known cash amount
E. Short-term U.S. treasury bills.

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The fraud triangle asserts that the three factors that must exist for a person to commit fraud are opportunity, pressure, and rationalization.

Owner’s Capital and Owner’s Withdrawals are examples of______ accounts.

The basic accounting equation is______ = ______ +equity

Cash equivalents are short-term highly liquid investment assets that are readily converted to a known cash amount, and have maturities of one year.

Cash equivalents meet all of the following criteria except:

The basic accounting equation is = +equity