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Basic Question 18 of 22
Which is LEAST LIKELY to be a warning signal that a company is using aggressive accounting practices?
B. Higher-than-expected earnings in the fourth quarter of the year
C. An increase in DSO (days sales outstanding)
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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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® 2024 Level I Curriculum, Volume 3, Module 10.