Question: What could be the result if a falsely prepared statement of cash flows was provided as a part of a loan application by a company

What could be the result if a falsely prepared statement of cash flows was provided as a part of a loan application by a company seeking a loan from the local bank?

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The consequences of providing a falsely prepared statement of cash flows as part of a loan application are farreaching and can severely impact both th... View full answer

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