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A company overstates revenues by million by overstating accounts receivable. The best characterization of the effect of this misstatement is a . overstated net income
A company overstates revenues by million by overstating accounts receivable. The best characterization of the effect of this misstatement is
a overstated net income and overstated operating cash flows.
b overstated net income and no effect on operating cash flows.
c no effect on the statement of cash flows.
d overstated net income and understated operating cash flows.
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
