QUESTION 25 Which cost component would not be included in the historical cost of a...
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Accounting
QUESTION 25 Which cost component would not be included in the historical cost of a fixed asset on a company's balance sheet? o Shipping charges to the company's office b. Invoice cost c. Annual maintenance costs d. Installation charges to get machine operational QUESTION 26 Which of the following is an example of fraud and not earnings management? a. Recording the revenue for a two-year service contract when the contract is signed b. Using the balance sheet approach rather than the income statement approach to determine uncollectible accounts expense Oc Shutting down the R&D lab for the last two months of the year O d. Changing the method of inventory valuation from LIFO to FIFO
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