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Answer the following questions: Under what circumstances would a company want to report higher sales or net income? Under what circumstances would a company want

  1. Answer the following questions:
    • Under what circumstances would a company want to report higher sales or net income?
    • Under what circumstances would a company want to report lower sales or net income?
    • Is it ever okay to manipulate earnings in the ways described above or in other ways?
    • Are there legitimate (honest, legal, and ethical) ways to shift income between years or accounting periods?

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