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Basic Question 5 of 22
Improper expense recognition includes ______.
II. amortizing capitalized costs too slowly
III. failing to write down impaired assets
IV. recording bogus rebates
I. capitalizing normal operating expenses
II. amortizing capitalized costs too slowly
III. failing to write down impaired assets
IV. recording bogus rebates
User Contributed Comments 2
| User | Comment |
|---|---|
| davcer | bogus rebates? |
| To-be-CFA | Bogus rebates = Fake discounts |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe presentation choices, including non-GAAP measures, that could be used to influence an analyst's opinion
describe accounting methods (choices and estimates) that could be used to manage earnings, cash flow, and balance sheet items
describe accounting warning signs and methods for detecting manipulation of information in financial reports
CFA® 2025 Level I Curriculum, Volume 3, Module 10.