2 pts Question 24 Streeter & Sons is a regional service company that has been in business for a few years but has not employed a managerial accountant or employed anyone else full time to keep track of its financial state. The company needs to take a good look at its financial state to determine whether it needs to make any changes in its practices in order to prevent a financial meltdown. Which of the following, if true, weakens the case that more than one type of financial statement should be examined in order to determine a company's financial health? Nowadays, many companies burnish their balance sheet by claiming inflated figures for goodwill. An income statement from one year may be radically different from the one for the previous year. It can be difficult for auditors to independently verify certain figures in income statements. The management by data trend has led companies to consider as imperative detailed and accurate financial statements: In times of recession, companies often reduce their accounting and financial management staffs