Identify the type of revenue fraud scheme in each of the following cases:

a. Fraud investigators found that 70 percent of the nearly $160 million in sales booked by an Asian subsidiary of a European company between September 2006 and June were fictitious. In an effort to earn rich bonuses tied to sales targets, the Asian subsidiarys managers used highly sophisticated schemes to fool auditors.

b. A transaction of sales to unknown customer, and to fool the auditors, the revenue related to this transaction is covered by method involved channeling bank loans through third parties (not a bank) to make it look as though the unknown customers had paid, when in fact they hadnt.

c. In July, XYZ firm accepted sale request of a customer to buy XYZs products, with the condition that the products will be delivered to the customer on December. By the end of July, XYZ issue the bill to the customer and intentionally report it as a revenue in the income statement.

d. WorldCom Companys income statement for the year 2003 includes a revenue of a sales transaction that is incurred on January 20, 2004.

e. In December 2018, the managers of Red-Hat Co. have agreed to sell office machine for $15,000 to a customer, with the promise to buy back the same machine with same selling price by the end of March 2019

f. Medic Co. signed a contract worth $100,000 with a hospital to provide 3000 boxes of several medicines capsules. The agreement stated that 1500 boxes will be shipped to the hospital on September 2018, while another 1500 boxes will be shipped by December 2018. B the end of September, Medic Co deliver the first 1500 boxes, and intentionally recorded a total revenue of $100, 000 realized from this contract.

g. Loyal company every while ship 5 boxes as additional units to the customers request , and report the revenue of these additional units. The company do this even though they knows that customers will return back the 5 boxes.