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Basic Question 3 of 7
Which is NOT an example of an accounting practice that creates "hidden reserves"?
B. Assets are eliminated entirely from the books.
C. Liabilities are overvalued.
A. Over-depreciation results in assets and net worth being carried on the firm's financial statements at less than market value.
B. Assets are eliminated entirely from the books.
C. Liabilities are overvalued.
User Contributed Comments 2
| User | Comment |
|---|---|
| tung | it's outright steal, not accounting. |
| maryprz14 | Asset disappear! lol |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe a spectrum for assessing financial reporting quality
explain the difference between conservative and aggressive accounting
CFA® 2025 Level I Curriculum, Volume 3, Module 10.