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If a transfer of receivables is actually a borrowing but is erroneously treated as a sale, Group of answer choices ratios like debt-to-equity are consequently
If a transfer of receivables is actually a borrowing but is erroneously treated as a sale,
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ratios like debt-to-equity are consequently distorted by the overstatements.
both assets and liabilities are understated.
both assets and liabilities are overstated.
both assets and equity are understated.
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