The SEC's complaint in its case against GE included a charge that the company:
A)Used off-balance sheet entities to manipulate earnings
B)Falsified inventory values to inflate earnings
C)Used non-GAAP measures to meet EPS estimates
D)Used EBITDA to obscure reported earnings

Question

Quizplus · Accepted Answer

The SEC's complaint against GE included a charge that the company used non-GAAP measures to meet EPS estimates, which is a common issue in financial reporting where companies may use non-standard accounting measures to present a more favorable view of their financial performance.

The SEC's Complaint in Its Case Against GE Included a Charge