Employee can embezzle funds
Identify and discuss a way that an employee can embezzle funds in an automated invoicing/purchasing accounting information system without being caught and recommend a potential control mechanism to detect the embezzlement.
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Tina contributed $2,400 after taxes to Roth 401(k); leaves in account until retires in 40 years age 63, which earns annual 8 percent before tax rate; marginal tax rate 30 percent. How much have accumulated after taxes if she withdraws initial cont
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