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Question 25 of 40 2.5 Points Which of the following is not a fraud method to overstate revenues? A.Recording future sales in the current period
Question 25 of 40
2.5 Points
- Which of the following is not a fraud method to overstate revenues?
- A.Recording future sales in the current period
- B.Recording sales of products that are out on consignment
- C.Recording sales based on F.O.B. shipping point
- D.Recording revenues of other companies by acting as a middleman
Question 26 of 40
2.5 Points
- Strong corporate governance relies on a strong board of directors. Which of the following would be a strong candidate to be a board director for XYZ, Inc.?
- A.Community member who has already served on the board for 15 years.
- B.Investor who has a multi-million-dollar joint venture with the CEO and CFO.
- C.Retired controller of a Fortune 500 company.
- D.Community member who receives annual large consulting contracts from XYZ.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
