Which of the following is NOT an accounting method that could be chosen by a company to increase reported profits?

Question

Quizplus · Accepted Answer

Classifying longer-term receivables as current assets is not an accounting method that could be chosen by a company to increase reported profits. In fact, it would have the opposite effect of decreasing reported profits since long-term receivables are typically less liquid and more difficult to collect than current assets. The other options listed could potentially be used by a company to increase reported profits in different ways.

Which of the Following Is NOT an Accounting Method That