If a company reported fictitious revenue, it could try to cover up its fraud by: A. decreasing

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If a company reported fictitious revenue, it could try to cover up its fraud by:

A. decreasing assets.
B. increasing liabilities.
C. creating a fictitious asset.

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International Financial Statement Analysis CFA Institute Investment Series

ISBN: 9780470287668

1st Edition

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

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Question Posted: Feb 14, 2024 09:01 AM

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If a company reported fictitious revenue, it could try to cover up its fraud by: A. decreasing

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Reporting fictitious revenue is a fraudulent activity often aimed at artificially inflating a compan...View the full answer

International Financial Statement Analysis CFA Institute Investment Series

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