WHICH OF THE FOLLOWING IS LEAST LIKELY AN EFFECT OF AN AGGRESSIVE,...

2. Which of the following is least likely an effect of an aggressive, premature and fictitious

revenue recognition accounting choice?

A. Overstated income.

B. Understated assets.

C. Overstated equity.

LO.c: Describe how to evaluate the quality of a company’s financial reports.

LO.d: Evaluate the quality of a company’s financial reports.