Which of the following represents a legal accounting practice?

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Deferring receipts from one quarter to the next to manage tax liability is a legal accounting practice commonly known as income deferral. It involves delaying the recognition of income to a later period when tax liability is expected to be lower. This is a common method used by businesses to minimize tax liability and is not considered illegal. A and D represent illegal accounting practices such as taking fraudulent deductions and underreporting income to reduce taxes, respectively. B represents an unethical practice of overvaluing assets, which can misrepresent the financial position of a business.

Which of the Following Represents a Legal Accounting Practice