Business, 30.08.2020 01:01 dedgefield

A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely be suspicious of the new transaction if: no accounting standard exists that applies to the transaction. management has not explained its business purpose. the transaction is not governed by existing regulations.

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A firm engages in a new type of financial transaction that has a material effect on its earnings. An...

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