In Recent Years, It Has Been Reported That Several Large

question 59

Essay

In recent years, it has been reported that several large companies have manipulated business transactions and accounting records to change the net income reported on their income statements. Suggest five concepts, assumptions, principles, or conventions that such manipulation would violate.

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Definitions:

Emphysema

A chronic lung condition consisting of damage to the alveoli of the lungs. It is heavily associated with smoking, which causes stretching of the spaces between the alveoli and paralyzes the cilia of the respiratory system.

Influenza

A highly contagious respiratory virus known for causing seasonal flu outbreaks.

Viral

Refers to viruses and their role in causing infections or diseases.

COPD

Chronic Obstructive Pulmonary Disease, a group of lung conditions, including emphysema and chronic bronchitis, that block airflow and make it difficult to breathe.