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Q: Is profit smoothing illegal
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What is profit smoothing and how is it done?

Profit smoothing is a creative accounting method used to 'smooth' profit from one period to the next. It is used to maintain shareholders' profit expectations as profit from one period to the next can change significantly.For example, a mining company may earn profit of $1billion in one period and forecast profit for the next period indicate $1million. If the company were to announce profit of $1billion, shareholder expectation would be similar in the next period. Smoothing this profit to recognise $500million in the first period and $500million in the next period would promote investor confidence and presumably maintain a more consistence market price.


Backup Xbox games illegal?

No its illegal only if you sell for a profit!


Is it illegal to purchase products from a store and sell them for profit from your home?

No, it is not illegal to purchase items and then resale them for a profit. This is how businesses make their money.


What is smoothing an object?

smoothing is making smooth.


What is the approximate yearly profit for slave holders today?

Slavery is illegal so the profit would be zero.


Is whack a hack illegal?

It would only be illegal if the hacks were being sold for profit, which they aren't. So no, they aren't illegal. Enjoy your hacks.


A tool used for smoothing or rubbing?

a tool for smoothing or rubbing


Which tool is use for smoothing surface?

tool use for smoothing curve surfaces


Is printing a downloaded image for personal use legal or illegal?

As long as it is not for public display or used in any way for profit, no, it is not illegal.


Can a individual run a lottery for profit?

In most places it is considered gambling and is illegal. Not for profit organizations can obtain permits from the state to run a lottery.


Can people apply oil after smoothing of hair?

Yes, you can apply oil to your hear after smoothing it. Since oil isn't doesn't have any water, you will not undo your smoothing process.


What is a smoothing capacitor?

A Smoothing Capacitor is a capacitor which helps to smooth out fluctuations that may exist on a power supply line.