CFA Practice Question

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CFA Practice Question

Which is NOT an example of an accounting practice that creates "hidden reserves"?

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.
Correct Answer: B

User Contributed Comments 2

User Comment
tung it's outright steal, not accounting.
maryprz14 Asset disappear! lol
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