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Business, 23.06.2021 20:30 gemouljr

You receive an anonymous tip that your controller is embezzling assets from your company. You begin your investigation by interviewing several employees in the accounting department, who report no unusual behavior or sudden changes in the suspect's standard of living. One interviewee does report that the controller has gone on a number of extravagant vacations. You perform a net worth analysis, based on a search of public records, and find the following information:Year 1:Total assets: 80,000Total liabilities: 40,000Net worth: 40,000Year 2:Total assets: 82,000Total liabilities: 41,000Net worth: 41,000Change in NW: 1,000Living expenses: 36,000Total income: 37,000Less known income: 35,000Unknown income: 2,000Year 3:Total assets: 85,000Total liabilities: 41,000Net worth: 44,000Change in NW: 3,000Living expenses: 36,000Total income: 39,000Less known income: 36,000Unknown income: 3,000Based on the evidence gathered in your search, you should terminate the investigation due to the very low estimate of unknown income.

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