A company may resort to "window dressing" by manipulating the data such as:
I. inventory valuation
II. omission of liability for goods purchased
III. treating a short-term liability long-term debt
IV. recording in advance cash receipts applicable to next accounting period
A. I, III and IV
B. II and IV
C. I, II and III
D. I, II, III and IV
Answer: Option C
This Question Belongs to Commerce >> Accounting
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