Which of the Following Factors Could Contribute to Misstatements in the Revenue

question 98

Multiple Choice

Which of the following factors could contribute to misstatements in the revenue cycle?

• A)Misappropriation of liquid assets generated through cash receipt transactions
• B)Difficulties in estimating the likelihood of collection within the next year
• C)Low volume of sales, cash receipts, and sales adjustment transactions
• D)Strict definition of the timing and amount of revenue to be recognized

---

Definitions:

Chorionic Villus Sampling

A prenatal test that involves taking a sample of the chorionic villi cells from the placenta to test for genetic abnormalities in the fetus.

Amniotic Sac

A fluid-filled sac that surrounds and protects the embryo or fetus in the uterus.

Double Helix

The structure formed by double-stranded molecules of nucleic acids such as DNA, characterized by a twisted ladder-like appearance.

Chromosomal Disorders

Conditions caused by alterations in the number or structure of chromosomes, leading to disease or disability.