If Fictitious Credit Sales Were Recorded and the Fictitious Accounts

question 120

Multiple Choice

If fictitious credit sales were recorded and the fictitious accounts receivable were later directly written off as bad debt expense

• A) Income would be overstated.
• B) Income would be understated.
• C) Income would not be misstated.
• D) Accounts receivable would be understated.

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Definitions:

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Unusual, strange, or oddly fascinating, often departing significantly from what is considered normal.

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