The acronym GIGO-garbage in, garbage out-is commonly associated with computer-automated analysis. How does GIGO apply to the

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The acronym GIGO-"garbage in, garbage out"-is commonly associated with computer-automated analysis. How does GIGO apply to the calculation of a balance sheet, income statement, or the ratios that are derived from both documents? Explain how an individual preparing these documents guards against GIGO.

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