The principle reason(s)for public companies to misstate financial statements is to

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Quizplus · Accepted Answer

The main reason for public companies to misstate financial statements is to keep the company's stock price from falling. This can be achieved by creating the impression that the company is performing better than it actually is, thereby boosting investor confidence and maintaining a higher stock price. Misstating financial statements can also help to attract new investment and make the company more appealing to potential acquirers. However, it is important to note that misstating financial statements is illegal and can have significant consequences for the company and its executives.

The Principle Reason(s)for Public Companies to Misstate Financial Statements Is