Multiple Choice
Which of the following is a red flag associated with concealed liabilities and expenses?
A) Gross margin significantly lower than industry average
B) An unusual increase in the number of days' purchases in accounts payable
C) An unusual change in the relationship between fixed assets and depreciation
D) Significant reductions in accounts payable while competitors are stretching out payments to vendors
Correct Answer:

Verified
Correct Answer:
Verified
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