Question
The relevance of reported asset values is lined with their ultimate recognition as reported expenses. Provisions and liability values on the balance sheet may also
The relevance of reported asset values is lined with their ultimate recognition as reported expenses. Provisions and liability values on the balance sheet may also affect earnings quality.
Give an example of an overstated liability or provision and explain its impact upon cumulative earnings.
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
