Which of the following best describes kiting?
a. Theft of cash for personal use and cover-up using the bank statement.
b. A fraudulent cash scheme to overstate cash assets at year-end by manipulating year-end transfers between cash accounts.
c. Manipulation of financial reporting by increasing both cash and debt by the same amount.
d. Colluding to steal cash by wiring money to a fictional vendor and concealing it with customer payments.
Answer: B
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