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Which least likely one of combinations of the quality

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Reference no: EM132708565

Problem 1: Which of the following is least likely one of the combinations of the quality of financial reporting and quality of reported earnings along the spectrum of financial report quality?

A. Reporting is not compliant with GAAP, although reported earnings are sustainable and adequate.

B. Reporting is compliant with GAAP, but the amount of earnings is actively managed to smooth earnings.

C. Reporting is not compliant and includes numbers that are fictitious or fraudulent.

Reference no: EM132708565

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