ACFE CFE-Financial-Transactions-and-Fraud-Schemes Q&A - in .pdf

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NEW QUESTION: 1
During 1990, Fuqua Steel Co. had the following unusual financial events occur:
* Bonds payable were retired five years before their scheduled maturity, resulting in a $260,000 gain. Fuqua has frequently retired bonds early when interest rates declined significantly.
* A steel forming segment suffered $255,000 in losses due to hurricane damage. This was the fourth similar loss sustained in a 5-year period at that location.
* A component of Fuqua's operations, steel transportation, was sold at a net loss of $350,000.
This was Fuqua's first divestiture of one of its operating segments.
Before income taxes, what amount of gain (loss) should be reported separately as a component of income from continuing operations in 1990?
A. $260,000
B. $(255,000)
C. $5,000
D. $(350,000)
Answer: C

NEW QUESTION: 2
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A. Azure AD Connect
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A. Option B
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