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Basic Question 3 of 11
Which one of these techniques is an example of the "revenue mis-statement issue"?
B. Selling to an affiliated party.
C. Creating income by reclassification of balance sheet accounts.
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.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
evaluate the earnings quality of a company;
CFA® 2025 Level II Curriculum, Volume 2, Module 14.