The misappropriation of assets refers to:
A)The deliberate use of company assets for personal reasons.
B)The deliberate overstatement of financial statements.
C)The deliberate omission of disclosures from the statements.
D)All of the above.

Question

Quizplus · Accepted Answer

The misappropriation of assets refers to intentionally using or taking company assets for personal reasons, which could include theft, embezzlement, or other types of fraud. Deliberate overstatement of financial statements and omission of disclosures are separate issues related to financial reporting and do not necessarily involve misappropriation of assets.

The Misappropriation of Assets Refers To