CFA Practice Question

There are 90 practice questions for this study session.

CFA Practice Question

Indicators of low-quality revenue include large ______.

I. increases in accounts receivable
II. decreases in accounts receivable
III. increases in unearned revenue
IV. decreases in unearned revenue
Correct Answer: I and IV

The earnings attributable to growth in receivables or contraction in unearned revenues cannot be sustainable.

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