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3. (Chapter 14) Three CEOs receive preliminary 2023Q3 quarterly financial statements from their CFOs. Each CEO can take advantage of an accounting loophole. If the

image text in transcribed 3. (Chapter 14) Three CEOs receive preliminary 2023Q3 quarterly financial statements from their CFOs. Each CEO can take advantage of an accounting loophole. If the CEO uses the accounting loophole, their EPS for 2023Q3 will increase by $0.10 and their future EPS for 2023 Q4 will decrease by $0.10. Below is a chart showing the historical quarterly earnings for the 3 firms. Which CEO is the most likely to take advantage of the accounting loophole and why

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