Which statement is true concerning off-balance sheet financing? It is a violation of GAAP and causes total liabilities to be understated. It allows a company to overstate its debt to assets ratio It occurs when companies report liabilities on the income statement as expenses rather than liabilities on the balance sheet. It is an intentional effort by a company to structure its financing arrangements to avoid showing liabilities on its balance sheet Save for Later Attempts: 0 of 1 used Submit