"Cooking the books" is typically accomplished by all the following except
A)overstating inventory.
B)accelerating recognition of revenue.
C)inflating accounts payable.
D)delaying recording of expenses.

Question

Quizplus · Accepted Answer

"Cooking the books" is a fraudulent accounting practice that involves manipulating financial records to make a company appear healthier and more profitable than it actually is. Typically, this is done by overstating assets (such as inventory), accelerating revenue recognition, delaying or avoiding the recognition of expenses, and creating fictitious transactions. Inflating accounts payable would actually hurt a company's financial image by making it appear less solvent, so it is not a typical method of cooking the books.

"Cooking the Books" Is Typically Accomplished by All the Following