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24. Per the Fraud Examiners Manual, which of the following methods for accounting for long-term contracts is particularly vulnerable to manipulation? A the completed-contract method. B. the percentage-of-completion method. C the never-completed-govemment-contract method. D. the last-in-first-out (LFO) method 25. Per the Fraud Examiners Manual, what is the term that refers to the sale of an unusually large quantity of a product to distributors who are encouraged to overbuy through the use of deep discounts or extended payments terms? A sales with conditions B, multiple deliverables C channel stulting lot D. Upseling. 26. Per the Fraud Examiners Manual, which of the following is a red tag associated with timing differences or improper revenue recognition? A decline in sales or unusual decline in profitability B. recurring positive cash flows from operations. C. unusual decline in gross margin or gross margin less than industry peers D. unusual growth in the days' sales in receivable ratio. 27. Per the Fraud Examiners Manual, asset values are generally not increased to reflect current market value. What asset is an exception to this general rule? A inventories revised B. certain marketable securities De be C. accounts receivables, s both a D. intangible assets such as goodwil. 28. Per the Fraud Examiners Manual, what are the results from falling to write gnized down or write off inventory leg, for obsolescence)? A. overstated assets and the mismatching of cost of goods sold with ponized revenues B. understated assets and the mismatching of cost of goods sold with ognized Coverstated liabilities and the mismatching accounts peyable were the ounted cost of goods sold Dunderstated labies and the mismatching accounts payable with the cost of goods sold 4 not revenues

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