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November 6, 2003

All Business: Still lots of ways firms can cook the books

  • The improving economy played a role in recent strong earning results, but so did some accounting maneuvers.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- More than a boom in business pushed third-quarter corporate earnings ahead of expectations. At some companies, lowering their tax rates helped more than anything else.

    So much for the recent accounting scandals putting the brakes on earnings trickery. Companies still have plenty of ways to finagle their books to boost the bottom line.


     
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