Question: Managers may engage in classification shifting by: A ) reporting sales to fictitious customers to inflate reported revenues. B ) reducing estimates of accrued expenses
Managers may engage in classification shifting by:
A reporting sales to fictitious customers to inflate reported revenues.
B reducing estimates of accrued expenses to inflate reported net income.
C reporting operating expenses as nonoperating expenses to inflate reported operating income.
D increasing estimates of accrued expenses to inflate reported net income.
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