Jam, I came across that question this morning and had totally forgotten how to figure it out too.
So when you want to detect kiting, try to ask:
• when did the company claim they wrote the check (disbursed per books)?
• when was the check actually received (receipt date per bank)?
If the date on the second question is earlier than the date on the first question then you know that they lied about when they wrote the check.
In this particular question, this was how I explained it to myself:
101 – wrote check on Dec. 30, bank received it on Jan 3 – no kiting here.
202 – wrote check on Jan. 3, bank received it on Dec 31 – how is that possible? through kiting. the money was in two places on December 31.
303 – wrote check on Dec. 31, bank received it on Jan 2 – it's all good.
404 – wrote check on Dec Jan.2, bank received it on Dec 31 – how is that possible? through kiting. the money was in two places on December 31.
If I'm not mistaken, the answer is c
BEC 82 Nov 2012 | REG 80 Feb 2013 | FAR 76!!! Apr 2013 | AUD 69 May 2013 | AUD 83!!! Aug 2013
Done!! Thanks Jeff & A71 friends!
Ad maiorem Dei gloriam - For the greater glory of God!
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