The phrase "cooking the books" is commonly used to refer to:
A)The company's accounting records being thoroughly audited at the end of the year.
B)The company's financial statements being presented in a deceptive form.
C)The company's ability to provide timely financial information under operating pressure.

Question

Quizplus · Accepted Answer

"Cooking the books" refers to presenting financial statements in a deceptive form, typically to make the financial performance of the company appear better than it actually is. This can involve manipulating financial data or hiding information, and is generally considered fraudulent. It is not related to being audited or providing timely financial information.

The Phrase "Cooking the Books" Is Commonly Used to Refer