All of the following are common examples of possible distortion in reported income except
A) inflation.
B) treatment of nonrecurring items.
C) reporting of cash.
D) reporting of revenue.

Question

Quizplus · Accepted Answer

Inflation, treatment of nonrecurring items, and reporting of revenue are all potential sources of distortion in reported income. However, reporting of cash is not necessarily a source of distortion, as cash flows can be accurately reported as they occur.

All of the Following Are Common Examples of Possible Distortion