Which of the following best describes kiting?
A) Theft of cash for personal use and cover-up using the bank statement.
B) A fraudulent cash scheme to overstate cash assets at year end by recording deposits in transit.
C) Manipulation of financial reporting by increasing both cash and debt by the same amount.
D) Colluding to steal cash by wiring money to a fictional vendor and concealing it with customer payments.
Correct Answer:
Verified
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