Solved

Match Each of the Following Items with the Appropriate Description

Question 158

Matching

Match each of the following items with the appropriate description or example.Each item should be used only once.

Premises:
overstatement of allowance for uncollectible accounts
how well a reported earnings number communicates actual performance of the company
wrote-off as much as possible in a bad year
net income divided by the weighted average number of outstanding shares of (common) stock
overstatement of sales
Responses:
big bath charges
improper revenue recognition
cookie jar reserves
quality of earnings
earnings per share

Correct Answer:

overstatement of allowance for uncollectible accounts
how well a reported earnings number communicates actual performance of the company
wrote-off as much as possible in a bad year
net income divided by the weighted average number of outstanding shares of (common) stock
overstatement of sales
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