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Basic Question 1 of 7

High financial reporting quality is defined as fair representation of a company's ______.

I. earnings
II. cash flows
III. assets, liabilities, and owners' equities

User Contributed Comments 1

User Comment
dshaminda oops.. tricky. thought its I only
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

compare financial reporting quality with the quality of reported results (including quality of earnings, cash flow, and balance sheet items)

CFA® 2025 Level I Curriculum, Volume 3, Module 10.