How can profit smoothing can be achieved?
A) understating allowance for doubtful accounts in periods of higher earnings
B) reducing the value of inventory of an acquired company at the time of acquisition resulting in higher earnings when the assets are later sold
C) understating inventory obsolescence reserves in periods of higher earnings
D) none of the above

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The Answer of How can profit smoothing can be achieved?
A) understating allowance for doubtful accounts in periods of higher earnings
B) reducing the value of inventory of an acquired company at the time of acquisition resulting in higher earnings when the assets are later sold
C) understating inventory obsolescence reserves in periods of higher earnings
D) none of the above

How Can Profit Smoothing Can Be Achieved