As ABC Corporation's fiscal year end date of December 31 approaches, management is worried that reported earnings will fall sh investors' expectations. Which of the following actions would increase ABC's earnings for the current year? O a. Collect more cash from customers for services that ABC will provide next year. O b. Postpone scheduled year-end maintenance on Acme's machinery until next year. O c. Delay until next year the payment of bonuses that employees have earned this year. Od. Convince customers to pay outstanding accounts receivable by offering a discount for payments received by December 3
As ABC Corporation's fiscal year end date of December 31 approaches, management is worried that reported earnings will fall sh investors' expectations. Which of the following actions would increase ABC's earnings for the current year? O a. Collect more cash from customers for services that ABC will provide next year. O b. Postpone scheduled year-end maintenance on Acme's machinery until next year. O c. Delay until next year the payment of bonuses that employees have earned this year. Od. Convince customers to pay outstanding accounts receivable by offering a discount for payments received by December 3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 18
Transcribed Image Text:QUESTION 18
As ABC Corporation's fiscal year end date of December 31 approaches, management is worried that reported earnings will fall short of
investors' expectations. Which of the following actions would increase ABC's earnings for the current year?
O a. Collect more cash from customers for services that ABC will provide next year.
O b. Postpone scheduled year-end maintenance on Acme's machinery until next year.
O c. Delay until next year the payment of bonuses that employees have earned this year.
O d. Convince customers to pay outstanding accounts receivable by offering a discount for payments received by December 31.
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