CFA Practice Question

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CFA Practice Question

Improper expense recognition includes ______.

I. capitalizing normal operating expenses
II. amortizing capitalized costs too slowly
III. failing to write down impaired assets
IV. recording bogus rebates
Correct Answer: I, II, III and IV

User Contributed Comments 2

User Comment
davcer bogus rebates?
To-be-CFA Bogus rebates = Fake discounts
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