Individuals in a Car Company Falsify Emissions Tests to Increase

question 21

Multiple Choice

Individuals in a car company falsify emissions tests to increase the company's value. What kind of white-collar crime is this?

• A) organized crime
• B) elite crime
• C) occupational crime
• D) corporate crime

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Definitions:

Completed-Contract

Completed-contract method is an accounting technique used to recognize the revenues and expenses of long-term projects only upon their completion.

Percentage-of-Completion

A method of revenue recognition in accounting where revenue and expenses are recognized as a project progresses, based on the percentage of work completed.

Revenue Recognition

The accounting principle that dictates the process and timing by which revenue is recorded and recognized as income on the financial statements.

Specific Industry Guidance

Regulations and recommendations tailored to the operating practices and challenges of particular sectors.