Detecting Accounting Fraud 1st Edition by Cecil Jackson

Exercise 10

Which of the following manipulations by the lessor would have the effect of overstating revenues for sales-type leases? (a) Selling or factoring legitimate sales-type leases.
(b) Using a higher discount rate when discounting future lease payments.
(c) Overstating the estimated residual values of its leased assets.
(d) None of the above.