QUESTION 26 Which of the following is an example of earningsmanagement netraud Recoged as an assisted of an expense Recomience when services will be performed in the next fiscal year c. Increase net income temporarily by cating research and development expense and hurting long-term performance of the company d. Recording the revenue for a two year service contract when the contract is signed QUESTION 27 Which of the following is a description of an activity which would be considere fraud? a on December 31, 2019. Evergood Company sold a machine previously used in production for a gain of $20,000 and included the pain in 2019 net income b.On December 31, 2019, Evergood Company recorded as revenue the $20,000 sales price of items which will be shipped January 3 2020 c On December 31, 2019, Evergood Company decided to use an estimate of 3% of sales for their estimate of uncollectible accounts instead of the 2 they used in 2013 d. All of these situations would be considered fraud. QUESTION 28 The following transactions occurred during the year ended December 21, 2019 for the Regina Corporation, performed services and received cash in the amount of $50,000, collected accounts receivable of $10,000, performed services on account in the amount of $30,000, paid dividends of $5,000, and incurred expenses of $40,000, however only $30,000 of the expenses were paid as of December 31, 2019. The net income for the Regina Corporation for the year ended December 31, 2019 is a $50,000 b. $30,000 c. $60,000 d. $40,000