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Multiple Choice Question Company A paid its CEO a $ 1 million bonus for hitting earnings targets. Two years later, the accounting team uncovered massive
Multiple Choice Question
Company A paid its CEO a $ million bonus for hitting earnings targets. Two years later, the accounting team uncovered massive fraud that overstated the company's earnings. The company
may be able to use a clawback to reclaim the bonus
can sue shareholders for the value of the bonus
should restate earnings to show results without the bonus
has no recourse
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Forensic And Investigative Accounting
Authors: Crumbley D. Larry, Fenton Edmund D., Jr. Smith G. Stevenson
9th Edition
0808053221, 9780808053224
