An example of fraud would be:

a. Issuing a purchase order without first securing bids.
b. Buying raw materials from an affiliated company.
c. Knowingly classifying a material long-term receivable as a current receivable.
d. Forgetting to accrue salaries payable.

The correct answer is C

Explanation:

Fraud is the term which is defined as the act of misrepresenting the facts or the information or deceiving the person or an individual.

In terms of business, the fraud comprises of all the illegal as well as dishonest activities which is perpetrated through the companies or an individual so that could provide the benefit on the financial outcome to those persons.

So, the example of the fraud would be that classifying knowingly the material long term receivable under the head of current receivable.

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