Which of the following is NOT a valid reason for excluding a statement of future prospects from the reports?
A) It may lead to prosecution if found to be incorrect
B) It is inherently uncertain
C) Management may understate expectations to subsequently 'look better'
D) Lenders may be frightened by reduced prospects
Correct Answer:
Verified
Q1: Which of the following is NOT one
Q2: Which of the following is NOT one
Q3: The provision of electronic information via,for example,XBRL
Q4: Corporate governance is the system by which
Q5: The provision of balance sheet ratios makes
Q6: A 'good corporate citizen' is an entity
Q7: Two tier boards of governance are common
Q9: Auditors report on the financial statements but
Q10: Entities are now required to reflect upon
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