Karina is entering into a business transaction what is referred to as off-balance-sheet financing, the company. The company is in violation of generally accepted accounting principles. is attempting to conceal the debt from shareholders by having no information about the debt included in the balance sheet. wishes to confine all information related to the debt to the income statement and the statement of cash flow. can enhance the quality of its financial position and perhaps permit credit to be obtained more readily and at less cost.
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