Which of the following is a misappropriation of assets? An employee of...

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Accounting

Which of the following is a misappropriation of assets?
An employee of a consumer electronics store steals 12 iPads.
Classifying inventory held for resale as supplies.
Management estimates bad debt expense as 2% of sales when it actually expects bad debts equal to 10% of sales.
Investing cash and earning at a 3% rate of return as opposed to paying off a loan with an interest rate of 7%.

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