A company may adopt policy to ''window dressing'' by manipulating the data such as
1. inventory valuation
2. omission of liability for goods purchased
3. treating short-term liability as long term debt
4. recording in advance cash receipts applicable to next accounting period
Select the correct answer:

A. 1

B. 1 and 2

C. 1, 2 and 3

D. 1, 2, 3 and 4

Answer: Option B