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Basic Question 1 of 7
High financial reporting quality is defined as fair representation of a company's ______.
II. cash flows
III. assets, liabilities, and owners' equities
I. earnings
II. cash flows
III. assets, liabilities, and owners' equities
User Contributed Comments 1
| User | Comment |
|---|---|
| dshaminda | oops.. tricky. thought its I only |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
compare financial reporting quality with the quality of reported results (including quality of earnings, cash flow, and balance sheet items)
CFA® 2026 Level I Curriculum, Volume 3, Module 10.