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What type of scheme is being perpetrated

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Question - ABC Software Systems has multi-year service contracts with its customers. As such a proportion of the fees for these services are treated as unearned revenue on the balance sheet. If ABC treats all these fees as revenue in year one, what type of scheme is being perpetrated?

A. Liability understatement

B. Revenue understatement

C. Cost of goods sold understatement

D. Assets overstatement

Reference no: EM133171204

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