Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

6. Internal Controls and Reporting Cash

Fraud and the Fraud Triangle

Financial Accounting

6. Internal Controls and Reporting Cash

Fraud and the Fraud Triangle

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Multiple Choice

What is a business owner likely to face if they assist in facilitating forced labor trafficking?

Recognition for ethical business practices

Criminal prosecution and significant legal penalties

Eligibility for government grants

A reduction in business taxes

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Verified step by step guidance

Step 1: Understand the context of the question, which relates to ethical and legal consequences in business practices, specifically regarding forced labor trafficking.

Step 2: Recognize that forced labor trafficking is a severe violation of human rights and is illegal under national and international laws.

Step 3: Identify the potential consequences for a business owner involved in such activities, which include criminal prosecution, significant legal penalties, and damage to reputation.

Step 4: Eliminate the incorrect options, such as 'Recognition for ethical business practices,' 'Eligibility for government grants,' and 'A reduction in business taxes,' as these are not applicable to unethical and illegal actions.

Step 5: Conclude that the correct consequence for facilitating forced labor trafficking is criminal prosecution and significant legal penalties, emphasizing the importance of ethical business practices.