What are the analytical implications of recognizing that financial statements are an abstraction of a companys underlying

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What are the analytical implications of recognizing that financial statements are an abstraction of a company’s underlying business transactions and events?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Statement Analysis

ISBN: 978-0073379432

10th edition

Authors: K. R. Subramanyam, John J. Wild

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