Which is NOT one of the common sources of distortions in financial statements?
A)Accounting standards that are inconsistent with economic reality
B)Estimation errors made by managers in applying accounting standards
C)Miscalculation of foreign currency translation
D)Management of earnings

Question

Quizplus · Accepted Answer

Miscalculation of foreign currency translation is not one of the common sources of distortions in financial statements. The other options listed, namely inconsistent accounting standards, estimation errors by managers, and management of earnings, are all recognized sources of distortions in financial statements.

Which Is NOT One of the Common Sources of Distortions