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Author Question: Fraudulent financial reporting (Read 75 times)

Darron12

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Question 1

Companies may intentionally understate earnings when income is high to create ________ that may be used in future years to increase earnings.
◦ income smoothing
◦ cookie jar reserves
◦ cash
◦ sales

Question 2

Fraudulent financial reporting
◦ always involves inadequate disclosures.
◦ can be intentional or unintentional.
◦ can involve understating net income in order to reduce income taxes.
◦ All of these.


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Marked as best answer by Darron12 on Aug 21, 2022

heathercab

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Reply #1 on: Aug 21, 2022
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Darron12

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


FergA

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Reply 3 on: Yesterday
Wow, this really help

 

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