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

Question

Quizplus · Accepted Answer

Cash flow statements do not report income, so they cannot distort reported income. Inflation, treatment of nonrecurring items, and reporting of revenue are all potential sources of income distortion.

All of the Following Are Common Examples of Possible Distortion