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Sunbeam also implemented various methods of accelerating revenue recognition in an attempt to increase its stock price. These methods included recognizing revenue from the following: 1) bill and hold sales requested by Sunbeam, through the offering of discounts, which served no valid business purpose, and 2) guaranteed sales agreements in which no reserves were set up for possible future returns...
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Sunbeam also implemented various methods of accelerating revenue recognition in an attempt to increase its stock price. These methods included recognizing revenue from the following: 1) bill and hold sales requested by Sunbeam, through the offering of discounts, which served no valid business purpose, and 2) guaranteed sales agreements in which no reserves were set up for possible future returns...
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