A common aspect of questionable figures in financial reports is:
A) understating figures for income and expenses.
B) overstating figures for expenses and liabilities.
C) overstating figures for income and assets.
D) overstating figures for income and understating figures for assets.

Question

Quizplus · Accepted Answer

Overstating figures for income and assets is a common tactic used by individuals or companies to make themselves appear more profitable than they actually are. This can lead to inflated stock prices or investor confidence, ultimately resulting in financial fraud or collapse.

A Common Aspect of Questionable Figures in Financial Reports Is