WorksheetsFlowtex Quiz
Total questions: 6
Worksheet time: 2mins
Name
Class
Date
1.
Who founded Flowtex?
a)
Klaus Kleiser
b)
Manfred Schmider and Klaus Kleiser
c)
Hans Becker
d)
Manfred Schmider
2.
TRUE OR FALSE: Flowtext began practicing fraud as soon as it started operating
a)
True
b)
False
3.
Auditors and Government Officials...
a)
Deeply investigated into the business but couldn't find anything
b)
Heard rumors about fraud but were blinded by his success
c)
Started investigating from the beginning and found fraud quickly
4.
CLICK ALL THAT APPLY: Which GAAPS did Flowtex violate?
a)
Business Entity Concept
b)
Objectivity Principle
c)
Matching Principle
d)
Revenue Recognition Rule
e)
Continuing Concern Concept
5.
When did the company close down?
a)
1986
b)
2002
c)
1997
d)
2000
6.
How much was stolen?
a)
2.2 Billion Euros
b)
1.4 Billion Euros
c)
39 Million Euros
d)
2.2 Million Euros
100 %
