Which of the following is NOT a red flag associate with improper asset valuation?
A) Using lower-of-cost or market inventory valuation
B) Recurring negative cash flows from operations or an inability to generate cash flows from operations while reporting earnings and earnings growth
C) Significant declines in customer demand and increasing business failures in either the industry or the overall economy
D) Unusual increase in gross margin or margin in excess of industry peers
Correct Answer:
Verified
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