GloboTech Recently Used Intentional Accounting Irregularities to Make the Company

question 179

Multiple Choice

GloboTech recently used intentional accounting irregularities to make the company look more profitable than it actually was. GloboTech ________.

• A) provided its stockholders profit through a tax loophole.
• B) acted in an acceptable business manner.
• C) engaged in illegal behavior.
• D) executed its responsibility to its owners.

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Definitions:

Present Value

The value today of a future sum of money or sequence of cash flows, when discounted by a certain rate of return.

Float

The total number of shares of a company that are available for trading by the public.