Detecting Accounting Fraud 1st Edition by Cecil Jackson

Exercise 12

When Xerox factored or sold its accounts receivable to avoid reclassifying them as operating leases instead of sales-type leases, this had the effect of: (a) Decreasing the amount of revenue it reported.
(b) Increasing the amount of revenue it reported.
(c) Decreasing its reported CFFO.
(d) None of the above.