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Generally Accepted Accounting Principles (GAAP) MCQs

What impact may a financial report restatement have on the current share price?

It always leads to an increase in the price.

It depends on the nature and magnitude of the correction.

It always leads to a decrease in the stock price.

It has no impact at all.

Answer

Correct Answer: It depends on the nature and magnitude of the correction.

Explanation:

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More Generally Accepted Accounting Principles (GAAP) MCQ Questions

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