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The accounting issues at failed savings and loan institutions included: a. The failure to disclose dubious deals between the S&Ls and some of its major customers b. The failure to provide adequate allowances for loan losses c. The existence of inadequate controls to prevent inadequate allowances and control for dubious deals d. All of the above
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Because many successful business owners fail on their first attempts, the reader should assume that.
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The accounting issues at failed savings and loan institutions included: a. The failure to disclose d...
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