Accounting

By kenyanentrepreneur Friday, December 8th, 2006
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From the NYT:
“Fannie Mae said it misstated earnings by $6.3 billion when it worked through the financial statements from 2001 through the first two quarters of 2004, the last time it filed official results”.

Are there any accountants out here? how do you “mistate” earnings by $3.6 billion dollars???

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