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The FASB has been able to guard against management manipulation of earnings as a result of asset impairments by: Multiple Choice fining any managers found
The FASB has been able to guard against management manipulation of earnings as a result of asset impairments by:
Multiple Choice
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fining any managers found guilty of such manipulation.
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relying on State Boards of Public Accountancy to police the transactions.
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requiring restoration of previously recognized impairment losses.
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prohibiting restoration of previously recognized impairment losses.
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