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Which financial statement should be studied most closely to determine if a company has the ability to pay a significant debt?

a. Balance sheet.
b. Shareholders equity.
c. Income statement.
d. Cash flow statement.
e. Annual budget.

Which would be a non-fraudulent earnings management scheme?

a. Bill-and-hold technique.
b. Channel stuffing.
c. Cookie-jar reserves.
d. Backdating stock options.
e. None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408636

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