Which of the following is not a method to overstate revenues and receivables?
A) recording fictitious sales,recognizing revenue on shipments that were not made.
B) early recognition of sales,recognizing revenue early in the month even though shipment of goods or providing the service occurs late in the month.
C) early shipment of goods,recognizing revenue before the customer requests delivery.
D) shipment of a larger quantity of goods than the customer ordered.
E) recognition of revenue based on a swap (exchange) transactions,when the customer and the client exchanged products or services and both parties recognize revenue based on the exchange.
Correct Answer:
Verified
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