187. Suddenly increasing useful life to reduce depreciation and increase profits, increasing %completion of WIP to increase profits. Identify to what the above transaction relates to the most?
a) Omission
b) Manipulation
c) Misapplication
d) None of the above
Answer: c) Misapplication
 
MCQ revised for better understanding:
Suddenly increasing useful life to reduce depreciation and increase profits, increasing % completion of WIP to increase profits .Identify to what the above transaction relates to the most?
a)Omission(Left out)
b)Manipulation(Falsify)
c)Misapplication(Judgement)
d)None of the above
Answer: c)Misapplication(Judgement)