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16 A sudden rise in inventory balances is likely to warning sign of: A. Understated expenses B. Accelerated revenue recognition C. ineffient working capital management
16 | A sudden rise in inventory balances is likely to warning sign of: | |||||||||
A. Understated expenses | ||||||||||
B. Accelerated revenue recognition | ||||||||||
C. ineffient working capital management | ||||||||||
17 | A warning sign that a company may deferring expenses is sales revenue growing at a shower rate that: | |||||||||
A. Unearned revenue | ||||||||||
B. noncurrent liabilities | ||||||||||
C. property, plant and equipment | ||||||||||
18 | An asset write- downis least likely to indicate understastement of expenses in: | |||||||||
A. Prior years | ||||||||||
B. Future years | ||||||||||
C. The current year |
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