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Difficulty Level : High
Time to Solve : <60 secs
Note: Please indicate the time it took you to solve this question and the reason for your answers
Q. Flaws in basic accounting principle is the cause of financial crisis of 2008.Anything can be sold on credit before it can be debited from the company's accounting books.
The goals to achieve fast growth in terms of assets and to engage in collateral lending forced the Bankers to overplay the basic accounting principles .
The two boldfaced plays which of the following roles?
A. First BF is the evidence to support the main conclusion of the argument;the second BF is the counter example
B. First BF is a rule that is cited to substantiate the mail conclusion of the argument: the second is that conclusion
C. First is a fact cited to support the first view of the author: the second BF is the extension of first BF.
D. First is main conclusion of the author: Second BF states evidence against the main conclusion of the argument
E. Each presents different views of author for the major cause of financial crisis.
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