(Answered) Essay questions1 rationalization is one of the components

Accounting

Essay Questions:

1. Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud?

2. How does vertical analysis of financial statements differ from horizontal analysis? Which method do you think is a better analysis tool?

3. Name and describe one liquidity ratio. What does this ratio measure? What is the formula for this ratio?

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