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1. Briefly explain how a company that recognized revenue over time by estimating the percentage of completion using a cost-to-cost ratio could manage earnings upward
1. Briefly explain how a company that recognized revenue over time by estimating the percentage of completion using a cost-to-cost ratio could manage earnings upward to meet a profit projection. What sort of ethical problems could result from that earnings management?
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
