Crazy Eddie "cooked the books" which ultimately led the company to go out of business. Which of the following is a correct statement about the frauds at Crazy Eddie?
A) Crazy Eddie understated the inventory counts.
B) Crazy Eddie converted to a computerized inventory system to help them control their inventory problems.
C) The company's auditors detected the inventory problems.
D) The inventory overstatement became larger than the total profits the company had reported since they went public.
Correct Answer:
Verified
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