Which of the Following Is NOT One of the Techniques

question 51

Multiple Choice

Which of the following is NOT one of the techniques used by Gemstar TV Guide International in its accounting fraud?

• A) Created cookie jar reserves of advertising revenue to smooth net income
• B) Engaged in round trip transactions
• C) Used channel stuffing to accelerate the recording of revenue into earlier periods
• D) Inflated advertising revenue from nonmonetary and barter transactions

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Definitions:

UCC

Stands for Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Anglo-American Law

A legal system originating in England and now prevalent in the United States and many Commonwealth countries, characterized by the doctrine of precedent.

Currency Substitute

Any means of payment used in lieu of traditional money (coins and banknotes) for the transaction of goods and services.

Enforceable Contract

An agreement between parties that is legally binding and can be upheld in a court of law.