When analyzing financial statements,remember that profits can be increased and expenses can be decreased to make the records look better
A) In the short run
B) In the long run
C) For tax purposes
D) For bank audits

Question

Quizplus · Accepted Answer

In the short run, companies might manipulate profits and expenses to present a more favorable financial position, but such practices are not sustainable in the long run.

When Analyzing Financial Statements,remember That Profits Can Be Increased and Expenses