Managers believe it is important to meet earnings benchmarks. When a number of executives were askedwithin the
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Question:
Managers believe it is important to meet earnings benchmarks. When a number of executives were asked—within the parameters of GAAP—which choices your company might make to hit an earnings target, the most popular choice was to
A. decrease discretionary spending.
B. alter accrual assumptions (such as allowances).
C. postpone taking an accounting charge.
D. draw down on reserves previously set aside.
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
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