What is the relationship between fraud loss net income
If profit margin = 10%, fraud loss= $436million , then why the revenue to restore the effect on net income is $4.36 billion ($436million / 0.10 = $4.36 billion)what is the relationship between fraud loss, net income, profit margin and revenue?
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According to the textbook, frauds can be classified by victim, by perpetrator and by scheme. But the textbook only mentioned about the classification by victim.what is the classification by perpetrator and by scheme?
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