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6. Haley had large medical bills outstanding. -d.Controls were not in place, leading to the ability circumvent approved resellers. 54. According to the famous speech
6. Haley had large medical bills outstanding. -d.Controls were not in place, leading to the ability circumvent approved resellers. 54. According to the famous speech by Arthur Levitt titled "The Numbers Game," an illusion played by some companies is to use unrealistic assumptions to estimate liabilities for items such as sales returns, loan losses, warranty costs, accruals. They can also include bad debt estimates or litigation costs that can be reversed in another period. This accounting gimmick is termed a. Revenue recognition b. Cookie jar reserves c. Materiality d. Big bath R&D manipulation e
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