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Why do accounting standards allow companies discretion for financial reporting? Would it be better if some or all of this discretion was eliminated? Why or

Why do accounting standards allow companies discretion for financial reporting? Would it be better if some or all of this discretion was eliminated? Why or why not? Provide a reasoned basis for your answers.

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Corporate Finance A Focused Approach

Authors: Michael C. Ehrhardt, Eugene F. Brigham

6th edition

1305637100, 978-1305637108

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