The SEC alleges that by the end of fiscal 2002, ClearOne had stuffed approximately $11.5 million of

Question:

The SEC alleges that by the end of fiscal 2002, ClearOne had stuffed approximately $11.5 million of inventory into the distribution channel. On the basis of this assertion, what was the approximate amount of its alleged revenue overstatement by the end of 2002?

LO.1

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