In Your Review of ABC Company's Financials,you Note That Receivables

Multiple Choice

In your review of ABC Company's financials,you note that Receivables have increased approximately 200% from the previous year,while Cash has declined.Further investigation reveals that 70% of ABC's receivables were booked within 7 days of the end of the quarter.If financial statement fraud is involved,which type is most likely?

A) Fictitious revenues.
B) Timing differences.
C) Improper asset valuations.
D) Improper disclosures.