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Financial Analysis MCQs

The accounting scandals of recent years ______.

had no effect on the level of prices in the US stock markets

were a complete surprise to analysts who followed the stocks of the companies involved as they were issuing positive recommendations of the securities to their clients

brought out the fact that brokerage firms were promoting stocks to earn hefty fees for underwriting new security issues

were of such a small magnitude that the government did not feel it was warranted to prosecute the companies and their officers that were involved

have been dismissed as falling within the latitude of judgment for applying GAAP rules

Answer

Correct Answer: were a complete surprise to analysts who followed the stocks of the companies involved as they were issuing positive recommendations of the securities to their clients

Explanation:

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