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  "authorName": "Ben Axler",
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  "notes": "Uses red arrows and callouts to highlight the change in line item description while the underlying accounting figures remain consistent.",
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      "text": "By baking gains from disposals of fixed assets into its “Purchase of property and equipment” line, management is presenting a superficially deflated capex figure, and hiding it by failing to disclose that they are presenting net capex.",
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