Thirteen financial shenanigans

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Reference no: EM131291875

Which is the following descriptions is not one of the "Thirteen Financial Shenanigans" identified by Schilit and Perler, and listed in Exhibit 10-1: Select one: a. recording revenue too soon or that is of a questionable quality. b. boosting income with one-time gains. c. failing to record intangible assets which the company has ownership rights to. d. shifting future expenses to the current period as a special charge. e. failing to record or improperly reducing liabilities. For 2013, Skresso Co. reported $3.64 of earnings per share of common stock. During 2014, the firm had a 4% common stock dividend. The 2013 earnings per share to be reported in the annual report for 2014 are: Select one: a. $3.79. b. $3.64. c. $3.50. d. $3.49. The term "relevant range" refers to: Select one: a. the range of activity where costs will fluctuate. b. the range of activity where fixed costs change as activity changes. c. the range of activity where total variable cost remains constant as activity changes. d. the range of activity where cost relationships are valid.

Reference no: EM131291875

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