Which of the following is NOT mentioned in the Xerox's case?
A) Xerox misled investors by polishing its reputation on Wall Street and to boost the company's stock price.
B) The ethical tone at the top set by CEOs Allaire and Thomas, and CFO Romeril, which equated business success with meeting long-term earnings target.
C) Xerox failed to disclose GAAP violations that led to acceleration in the recognition of approximately $3 billion in equipment revenues.
D) Xerox recognized a greater amount of revenue on leases in early years than warranted and didn't break out revenues that should have been deferred and recognized in future years.
Correct Answer:
Verified
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