Which is NOT one of the common sources of distortions in financial statements?
A)accounting standards that are inconsistent with economic reality
B)management estimation errors
C)miscalculation of foreign currency translation
D)management of earnings

Question

Quizplus · Accepted Answer

All of the other options (A, B, and D) are common sources of distortions in financial statements. However, miscalculation of foreign currency translation is not considered a common source of distortion. It is true that foreign currency translation can have an impact on financial statements, but miscalculation of this translation is not as common as the other factors listed.

Which Is NOT One of the Common Sources of Distortions