Which Is the Following Descriptions Is Not One of the "Thirteen

question 4

Multiple Choice

Which is the following descriptions is not one of the "Thirteen Financial Shenanigans" identified by Schilit and Perler, and listed in Exhibit 10-1:

• A) recording revenue too soon or that is of a questionable quality.
• B) boosting income with one-time gains.
• C) failing to record intangible assets which the company has ownership rights to.
• D) shifting future expenses to the current period as a special charge.
• E) failing to record or improperly reducing liabilities.

---

Definitions:

Standard Deviation

A statistical measure of the dispersion or spread of a set of data points or investment returns around their mean.

Expected Return

The predicted amount of profit or loss an investment is expected to generate over a specific time period.

Probability Distribution

A mathematical formulation that presents all potential values and their chances for a random variable within a particular range.

Real Rate of Return

The annual percentage profit earned on an investment, adjusted for changes in the price level due to inflation or deflation.