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Describe why the recognition of revenue for IRU swaps for fiber-optic assets that were not actually needed

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Describe why the recognition of revenue for IRU swaps for fiber-optic assets that were not actually needed by Qwest is inappropriate under GAAP. As an auditor, what type of evidence would allow you to determine whether the recognition of this revenue would be appropriate under GAAP?
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The recognition of revenue for IRU swaps for assets that are ultimately not used by Qwest is not app...View the full answer


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Evans Cherono
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