Chartered Financial Analyst Level 2
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The only factor expected to give rise to normal accruals in a company's earnings is the growth in credit sales. If there is no residual when total accruals are regressed on the growth in credit sales, total accruals are most likely equal to:
The only factor expected to give rise to normal accruals in a company's earnings is the growth in credit sales. If there is no residual when total accruals are regressed on the growth in credit sales, total accruals are most likely equal to:
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A
zero.
B
the abnormal accruals.
C
the non-discretionary accruals.
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