Multiple Choice
Which of the following accounting practices are potentially misleading or even fraudulent?
I.capitalization of operating expenses
II.accrual rather than cash basis reporting
III.off-balance sheet liabilities
IV.recognizing revenues prematurely
A) I and II only
B) I, II and IV only
C) III and IV only
D) I, III, and IV only
Correct Answer:
Verified
Correct Answer:
Verified
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