Answer:
If a publicly traded company is trying to maximize its perceived value to decision-makers external to the corporation, it is most likely to understate its liabilities on its balance sheet.
By understating liabilities, a company can make its financial position appear stronger than it actually is. This can make the company seem less risky to investors and creditors, potentially increasing its perceived value in the eyes of external stakeholders. However, it's important to note that intentionally understating liabilities is unethical and can lead to legal consequences and loss of trust from investors and regulators. Companies are generally required to report their financial information accurately and transparently.
Step-by-step explanation: