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Basic Question 16 of 16

Which is LEAST LIKELY to be a warning signal that a company is using aggressive accounting practices?

A. Cash provided by operations higher than net income
B. Higher-than-expected earnings in the fourth quarter of the year
C. An increase in DSO (days sales outstanding)

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

describe fixed-income securities with embedded options;

CFA® 2025 Level II Curriculum, Volume 4, Module 28.