ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
which of the following situations does not demonstrate an attempt at financial engineering?
1. aggressively interpreting GAAP so that the impact on critical ratios is minimal
2. accounting for bona fide business transactions and a transparent manner
3. creating complex legal arrangements and financial instruments
4. structuring depth financing so that it meets the GAAP definition of equity rather than debt
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