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QUESTION
Chapter #12 Short Case 7 1. How would you go about looking fo red Flags? 2. Do you think red flags of possible fraud are present in 2015?
Chapter #12 Short Case 7
1. How would you go about looking fo red Flags?
2. Do you think red flags of possible fraud are present in 2015? By comparing these numbers to Sales, you can do a vertical analysis. To do so, assume that Sales were 8,450,000 and 8,150,000 for 2015 and 2014 respectively. Also, Cost of Goods Sold were 6,242,500 and 6,080,000 for 2015 and 2014 respectively.
