CFA Practice Question

There are 89 practice questions for this study session.

CFA Practice Question

Cash flow can be described as "low quality" because of:

I. bad reporting quality.
II. bad economic performance.
A. I only
B. II only
C. I and II
Explanation: Cash flow can be described as "low quality" either because the reported information properly represents genuinely bad economic performance or because the reported information misrepresents economic reality.

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