Out of Africa,a Multi-National Corporation,was Having a Very Bad Year

question 156

Multiple Choice

Out of Africa,a multi-national corporation,was having a very bad year.Management decided to record all shipments made to customers in the first two weeks of the next year as sales in the current year.Management is ________.

• A)acting ethically and being conservative
• B)recording big bath charges
• C)recognizing revenue too early
• D)setting up a cookie jar reserve

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Definitions:

Fishing Expeditions

An investigative strategy involving broad and non-specific inquiries, often used in legal contexts to uncover evidence.

Contractor

An individual or company that agrees to provide services or perform tasks for another entity under the terms of a contract.

Tech Consultant

An expert who provides professional or expert advice in the technology field.

Executor

A person appointed by a testator to execute or carry out the instructions and wishes specified in their will.