Which of the Following Is Not an Example of Obvious

Multiple Choice

Which of the following is not an example of obvious financial reporting frauds as discussed in the text?

A) Keeping the books open for a few days after the end of the reporting period.
B) Transferring assets to an affiliate at more than their actual value.
C) Recording as assets expenditures that should have been classified as expenses.
D) Recording a liability when title to merchandise passes to the purchaser.