CFA Practice Question

There are 89 practice questions for this study session.

CFA Practice Question

Which one of these techniques is an example of the "revenue mis-statement issue"?

A. Recording investment income as revenue for a grocery chain.
B. Selling to an affiliated party.
C. Creating income by reclassification of balance sheet accounts.
Correct Answer: B

A and C are examples of "revenue classification issue".

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