A IS CORRECT. SIGNIFICANT AMOUNTS OF OFF-BALANCE-SHEET OBLIGATIONS...

9. - CFA 2018 LEVEL 2 FRA QUESTION BANK EVALUATING QUALITY OF FINANCIAL REPORTS QBANK
CFA 2018 LEVEL 2 FRA QUESTION BANK EVALUATING QUALITY OF FINANCIAL REPORTS QBANK

9. A is correct. Significant amounts of off-balance-sheet obligations lack completeness as they

understate a company’s leverage.