For each of the following fraud situations below, indicate w…
For each of the following fraud situations below, indicate which component of the fraud triangle is represented. Ever since Timmy‘s mom got sick last fall, Timmy has been stealing money from his company. He thinks to himself, “If only my company paid me more, I would not be put in this situation” [1] Bucky has been stealing inventory from Grainger Co.’s warehouse on a daily basis. He’s able to do this because Grainger doesn’t perform a year-end inventory count. [2] Kyle is in charge of performing the adjusting journal entries every month. Kyle’s bonus is based on his team’s results. Kyle made his results look extra good over the past year because he needed a larger bonus to afford his increase in rent. [3]
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