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Accounting policies can affect financial statement analysis. Req

Accounting policies can affect financial statement analysis. Req

Accounting policies can affect financial statement analysis.

Required:
1. Name a few accounting policies concerning the balance sheet that could affect financial statement analysis.
2. Name a few accounting policies related to expenses that could affect financial statement analysis.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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