Describe specifically why the up-front revenue recognition practice for sales of IRUs by Qwest was not appropriate

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Describe specifically why the up-front revenue recognition practice for sales of IRUs by Qwest was not appropriate under Generally Accepted Accounting Principles (GAAP).

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Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics

ISBN: 978-0078025563

4th edition

Authors: Jay Thibodeau, Deborah Freier

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Question Posted: Dec 02, 2015 01:27 AM

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Describe specifically why the up-front revenue recognition practices for sales of IRUs by Qwest were not appropriate under Generally Accepted Accounting Principles (GAAP).
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Describe specifically why the up-front revenue recognition practice for sales of IRUs by Qwest was not appropriate

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The upfront revenue recognition practices for sales of IRUs by Qwest were not appropriate under GAAP for several reasons First the criteria for upfron...View the full answer

Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics

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