If a publicly traded company is trying to maximize its perceived value to decision makers exter- nal

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If a publicly traded company is trying to maximize its perceived value to decision makers exter- nal to the corporation, the company is most likely to understate which of the following on its bal- ance sheet?

a. assets

b. liabilities

c. retained earnings

d. contributed capital LO1

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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