Revenue is one of, if not the most important, measures of financial performance that a company reports. The new standard, Revenue from Contracts with Customers, adopts an asset-liability approach as the basis for revenue recognition. The asset-liability approach recognizes, and measures revenue based on changes in assets and liabilities. 1. Find a company that had fraudulent revenue recognition practices and was fined by SEC 2. What did SEC find that was troubling? 3. Did this company pay any penalty to SEC? 4. Provide the link where you found the information.|