A fund manager states, I refuse to buy any company that makes a voluntary accounting change, since

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A fund manager states, “I refuse to buy any company that makes a voluntary accounting change, since it’s certainly the case that its management is trying to hide bad news.” Can you think of any alternative interpretation?

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Business Analysis And Valuation Using Financial Statements Text And Cases

ISBN: 9780324015652

2nd Edition

Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby

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