Which of the following situations provides the most likely, Ask an Expert

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Which of the following situations provides the most likely indication that fraud exists?

Exelon Corporation's earnings per share this quarter is 10% higher than last quarter.

Quantum Corporation's sales this year is 20% higher than last year's sales.

Papillon Product Inc.'s profits have increased each for the last 5 years, but its cash reserves have decreased steadily in the same time period.

Bobadilla Bookstores opened 10 new stores during the most recent quarter.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91980005

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