According to a Study Sponsored by the Committee of Sponsoring

question 38

Multiple Choice

According to a study sponsored by The Committee of Sponsoring Organizations (COSO) , the most common way to manipulate revenue accounts is by:

• A) Reclassifying expenses as revenues
• B) Recording fictitious revenues
• C) Inappropriately reducing sales returns and allowances
• D) Prematurely recording revenue

---

Definitions:

Seven Years

A time frame often referenced in various contexts, including the length of time certain information remains on a credit report or the period for personal property to be considered for adverse possession in some jurisdictions.

Buyer's Guide Label

A label required by law on new vehicles for sale, providing information about the vehicle's fuel economy, safety ratings, and other consumer-relevant information.

Used Motor Vehicle

Used motor vehicle refers to a car, truck, or other motor-powered transportation device that has had one or more previous owners before the current possessor.

Fair Credit Reporting Act

A federal law in the United States designed to ensure accuracy, fairness, and privacy of information in the files of consumer reporting agencies.