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Which of the Following Actions May Lead to Sales Adjustment

Question 38

Multiple Choice

Which of the following actions may lead to sales adjustment transactions being used to conceal thefts of cash received from customers?


A) Overstating discounts
B) Recording fictitious sales returns
C) Writing off customers' balances as uncollectible
D) Misclassifying receivables as current or noncurrent

Correct Answer:

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