Which of the following would not be regarded as “creative accounting”? (Select one) A. Inflating profits by passing accounting entries that are not supported by documentation.
B. Decreasing the amount of expenses disclosed by adding the cost of the expense to the value of an asset instead of showing it as an expense.
C. Postponing to the next financial period, the passing of accounting entries for costs incurred in the current year.
D. Passing accounting entries that are fully supported by valid documentation.
E. Reflecting assets that belong to someone else on an entity’s financial statements.
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Expert's answer
2021-08-02T15:00:35-0400
D. Passing accounting entries that are fully supported by valid documentation
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