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Reported corporate earnings can be overstated due to the following reasons EXCEPT which one? Firm capitalizes certain transactions that should have been expensed Firm uses

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Reported corporate earnings can be overstated due to the following reasons EXCEPT which one? Firm capitalizes certain transactions that should have been expensed Firm uses LIFO for inventory valuation in a high inflationary period Firm reports contingent sales (sales subject to returns) as revenue in the current reporting period Firm has aging tangible assets still depreciating off historical cost

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