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(e) If management wished to overstate profit during the year, con- sider the implications for each of the following adjustments (that is, what actions could

(e) If management wished to overstate profit during the year, con- sider the implications for each of the following adjustments (that is, what actions could be taken by fraudulent manage- ment to increase profits?): (2 marks) i. prepayments ii. unearned revenue iii. accrued expenses iv. accrued revenue creens 4-5 of 9 63F Partly cloudy L

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