Glee IncIs a Manufacturer of Musical Instruments and Its Year End

Multiple Choice

Glee Inc.is a manufacturer of musical instruments and its year end is September 30.Copa Loca,a local music school,purchased some instruments from Glee but was not satisfied with the quality and returned the goods to Glee during the last week of September.Being very busy with year end,Glee received the goods from Copa Loca on September 30 but only processed the returned merchandised and issued a credit note in October.This represents a

A) cutoff (allocation) misstatement.
B) understandability misstatement.
C) significant misstatement.
D) classification misstatement.