Which one of the following is NOT an example of misclassification for sales?
A) including retail sales as wholesale sales
B) recording the sale of a subsidiary as a reduction in investments
C) recording a sale of operating fixed assets as revenue
D) including cash sales as credit sales

Question

Quizplus · Accepted Answer

Recording the sale of a subsidiary as a reduction in investments is a misclassification for investments, not sales.

Which One of the Following Is NOT an Example of Misclassification