Indicate whether each of the following items is (a) An underlying concept, (b) An objective or (c)
Question:
Indicate whether each of the following items is
(a) An underlying concept,
(b) An objective or
(c) A standard of comparison of financial statement analysis:
1. Industry norms
2. Assessment of a company's past performance
3. Comparability
4. The company's past performance
5. Assessment of future potential and related risk
6. Predictive value
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Related Book For
Principles of Financial Accounting
ISBN: 978-1133939283
12th edition
Authors: Belverd E. Needles, Marian Powers
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