Fachmann Finanz- Und Rechnungswesen FA Practice Questions - Fachfrau Fachmann Im Finanz- Und Rechnungswesen Mit Eidgenössischem Fachausweis Exam

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Under the Swiss Code of Obligations (Art. 960e Para. 3 OR) and Swiss tax law, what is the statutory treatment of hidden reserves (stille Reserven) created through unjustified excessive depreciation or inflated provisions in commercial financial statements?

They are permissible under Swiss commercial law to ensure the continuous prosperity of the enterprise, but must be disclosed in the notes if net dissolution significantly improves reported earnings They are strictly prohibited in Swiss statutory commercial balance sheets and lead to immediate nullity of the financial statements They may only be created with the prior written approval of the cantonal commercial register authority They must be offset directly against paid-in share capital on the liabilities side of the balance sheet

Correct Answer:

They are permissible under Swiss commercial law to ensure the continuous prosperity of the enterprise, but must be disclosed in the notes if net dissolution significantly improves reported earnings

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