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As William Is Preparing the End of Year Financial Statements

Question 35

Multiple Choice

As William is preparing the end of year financial statements, he notices that the numbers required for his personal bonus have not been met. He begins to review the estimates that he has made in order to possibly adjust some numbers to meet the requirements for his bonus. This is an example of


A) Window dressing
B) Meeting internal targets
C) Income smoothing
D) Meeting external expectations

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