24. Per the Fraud Examiners Manual, which of the following methods for accounting for long-term contracts is particularly vulnerable to manipulation? A. the completed contract method. B. the percentage of completion method. C. the never-completed-goverment contract method. D. the last-in-first-out (LJFC) method. 25. Per the Fraud Examiners Manual, what is the term that refers to the sale of an unusually large quantity of a product to distributors who are encouraged to overbuy through the use of deep discounts or extended payments terms? A. sales with conditions: B. multiple deliverables. C. channel stuffing D. upseling 26. Per the Fraud Examiners Manual, which of the following is a red flag associated with timing differences or improper revenue recognition? A. decline in sales or unusual decline in profitabilty B. recurring positive cash flows from operations, C. unusual decline in gross margin or gross margin less than industry peers D. unusual growth in the days' sales n receivable ratio. 27. Per the Fraud Examiners Manual, asset values are generally not increased to reflect current market value. What asset is an exception to this general nude? A inventories B. certain marketable securities, C. accounts receivables. D. Intangible assets such as goodwill. 28. Per the Fraud Examiners Manual, What are the routs from failing to write down or write off inventory (eg, for obsolescence)? A overstated assets and the mismatching of cost of goods sold with revenues B understated assets and the mismatching of cost of goods sold with revenues Coverstated abilities and the mismatching accounts payable with me Cost of boods sold D. understand abilities and the mismatching accounts payable with the ad hya ed ed od 24. Per the Fraud Examiners Manual, which of the following methods for accounting for long-term contracts is particularly vulnerable to manipulation? A. the completed contract method. B. the percentage of completion method. C. the never-completed-goverment contract method. D. the last-in-first-out (LJFC) method. 25. Per the Fraud Examiners Manual, what is the term that refers to the sale of an unusually large quantity of a product to distributors who are encouraged to overbuy through the use of deep discounts or extended payments terms? A. sales with conditions: B. multiple deliverables. C. channel stuffing D. upseling 26. Per the Fraud Examiners Manual, which of the following is a red flag associated with timing differences or improper revenue recognition? A. decline in sales or unusual decline in profitabilty B. recurring positive cash flows from operations, C. unusual decline in gross margin or gross margin less than industry peers D. unusual growth in the days' sales n receivable ratio. 27. Per the Fraud Examiners Manual, asset values are generally not increased to reflect current market value. What asset is an exception to this general nude? A inventories B. certain marketable securities, C. accounts receivables. D. Intangible assets such as goodwill. 28. Per the Fraud Examiners Manual, What are the routs from failing to write down or write off inventory (eg, for obsolescence)? A overstated assets and the mismatching of cost of goods sold with revenues B understated assets and the mismatching of cost of goods sold with revenues Coverstated abilities and the mismatching accounts payable with me Cost of boods sold D. understand abilities and the mismatching accounts payable with the ad hya ed ed od
