Question 27

• All of the following are examples of "Recording revenue too soon or of questionable quality" except:
• A.Recording sales that lack economic substance
• B.Recording revenue when future services remain to be provided
• C.Recording revenue before shipment or before the customer's unconditional acceptance
• D.Recording revenue even though the customer is not obligated to pay

Question 28

• All of the following are examples of "Boosting Income with One-Time Gains" except:
• A.Recording sales that lack economic substance
• B.Boosting profits by selling undervalued assets
• C.Including investment income or gains as part of revenue
• D.Including investment income or gains as a reduction in operating expenses