Indicators of manipulation of allowance for doubtful account

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Reference no: EM13826448

Problem:

1. The manipulation of the allowance for doubtful accounts by management would be best indicated by:

A company tightens its credit standards and the allowance account decreases.
A company lowers is credit standards and the allowance account decreases.
A company tightens its credit standards and the allowance account increases.
A company lowers its credit standards and the allowance account increases.

2. The best measure of profit for determining how well a firm operate within their industry is

Gross Profit
Operating Profit
Earnings before Taxes
Net profit

Additional Information:

This multiple questions is basically belong to Finance. The 1^st question explains about the indicators of manipulation of allowance for doubtful accounts by management and the 2^nd question discusses about the best measure of determining the profit of a firm.

Reference no: EM13826448

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