Chartered Financial Analyst Level 1
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Which of the following actions suggests a company is employing aggressive accounting practices to enhance its reported performance and financial position in the current period?
A
Raising the estimated salvage values of property, plant, and equipment (PP&E)
B
Switching the depreciation method from straight-line to double-declining balance
C
Adopting the FIFO inventory valuation method instead of weighted average during a period of declining inventory prices and stable inventory quantities