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53 . Which of the following would most likely be considered intentional misapplication of accounting principles on financial statements ? A . A capital lease
53 . Which of the following would most likely be considered intentional misapplication of accounting principles on financial statements ? A . A capital lease is presented as periodic rent expense rather than interest and depreciation B . A deferred tax asset is reduced to zero with a valuation allowance C . Insurance is amortized D. Revenues for upfront fees are deferred rather than recognized immediately
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