Profit and loss smoothing and ethics Income (profit) smoothing is a way of manipulating a companys net

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Profit and loss smoothing and ethics Income (profit) smoothing is a way of manipulating a company’s net profit in order to create a desired impression of management’s capability and performance. Other kinds of profit manipulation by management have also been alleged. Do you think it is ethical for management to manipulate the figures by which its performance is measured? Why or why not?

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