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Regulators have found that 23 of the 68 investments companies that filed for bankruptcy in...

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Accounting

image Regulators have found that 23 of the 68 investments companies that filed for bankruptcy in the last 5 years failed because of fraud, not for reasons related to the economy. Suppose that nine additional firms will be added to the bankruptcy rolls during the next quarter. How many of those failures are likely to be attributed to fraud

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