Which of the following is a potential limitation of financial statement analysis?

A. The impact of having more than one acceptable alternative accounting principle for accounting for a given transaction or economic event
B. Lack of comparability of firms in different industries
C. The impact of changing economic conditions
D. All of these answers are correct.


Answer: D

Business

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All long-term investments are listed on the balance sheet at fair value

Indicate whether the statement is true or false

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A one-sample nonparametric goodness-of-fit test to determine whether the observations for a particular variable could reasonably have come from a particular distribution is the ________

A) Kolmogorov-Smirnov one-sample test B) runs test C) binomial test D) Mann-Whitney U test

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In your text's sample marketing plan, two of the company goals are "Achieve growth rate in sales of 12% for the year 2008" and "Maintain a gross margin of 45% each month." As indicated by these two examples, a marketing goal should be

A) measurable B) general C) creative D) company-wide E) set by management

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Answer the following statements true (T) or false (F)

The balance sheet equation for entity theory is “Total Assets - Total Liabilities = Owners’ Equities.”

Business