10.How might a company overstate performance? Why might this occur? 11.How does off-balance sheet financing make a company appear less risky? 12.Explain the concept of leverage. 13.In what ways...

10.How might a company overstate performance? Why might this occur?

11.How does off-balance sheet financing make a company appear less risky?

12.Explain the concept of leverage.

13.In what ways might an investor use accounting information provided by a foreign company differently from information provided by a domestic corporation?

14.How does operating performance differ from financial flexibility?