Question:The accounting scandals of recent years ______. 

A had no effect on the level of prices in the US stock markets 
B were a complete surprise to analysts who followed the stocks of the companies involved as they were issuing positive recommendations of the securities to their clients 
C brought out the fact that brokerage firms were promoting stocks to earn hefty fees for underwriting new security issues 
D were of such a small magnitude that the government did not feel it was warranted to prosecute the companies and their officers that were involved 
E have been dismissed as falling within the latitude of judgment for applying GAAP rules 

+ Answer
E 

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Md. Habib Ullah

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