Articles:  VMWare review Useful software |
Krzysztof Kowalczyk's Weblog Blog or you'll be blogged. ![]() ![]() ![]() ![]() Be aware that a business may be tempted to deliberately overstate or understate its profit. When a business overstates its profit in its income statement, some amount of its sales revenue has been recorded too soon and/or some amount of its expenses has not yet been recorded (but will be later). Overstating profit is a dangerous game to play because it deceives investors and other interested parties into thinking that the business is doing better than it really is.Looks like corporate America didn't pay attention to "Accounting for Dummies" recently. ![]()
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