Question 16 points - One of the commonly used schemes for earnings management is the concept of using cookiejar reserves. This is best ilustrated by which of the following statements? O A Companies accelerate the timing of revenue recognition to make earnings look better rather than reporting income in the right period OB. Companios defer the recognition of expenses by capitalizing them into long-lived assets and spreading their mpact over multiple years oc. Companies establish reserves in the current period Companies then reduce these reserves in the future to increase reported income in the future 00. Companies classify items which should be ordinary operating expenses as extraordinary losses to make the earings look better