The preparation by some companies of biased information is sometimes referred to as
A) conservative financial reporting.
B) full disclosure of all material facts.
C) aggressive financial reporting.
D) stewardship.

Question

Quizplus · Accepted Answer

The preparation of biased information by companies is often referred to as aggressive financial reporting. This occurs when companies manipulate financial information in order to create a more positive impression of their financial health. It is often done to impress investors or lenders and can be unethical and even illegal.

The Preparation by Some Companies of Biased Information Is Sometimes