CFA Practice Question

There are 90 practice questions for this study session.

CFA Practice Question

Unrealistically optimistic assumptions about collectability of receivables and loans is an example of ______
A. following GAAP but selecting alternatives within GAAP that bias or distort reported results to achieve a desired outcome.
B. using unrealistic or inappropriate estimates and assumptions to achieve a desired outcome.
C. stretching accounting principles to achieve a desired outcome.

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