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In early trading Thursday, Apr2, 2020, shares of Luckin Coffee (LK) plunged 80% . 1. What are the background and reasons that Luckin Coffee plunged

In early trading Thursday, Apr2, 2020, shares of Luckin Coffee (LK) plunged 80% .

1. What are the background and reasons that Luckin Coffee plunged 80% in a single day?

2. What is "creative accounting"? How to avoid it in practice?

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