Arthur Levitt stated that the SEC was seeing five accounting “gimmicks” of “accounting hocus-pocus” that were proving problematic. Name three of these gimmicks and explain in detail in 200 words.

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Arthur Levitt stated that the SEC was seeing five accounting “gimmicks” of “accounting hocus-pocus” that were proving problematic. Name three of these gimmicks and explain in detail in 200 words.

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