Question: 5 Identify, by indicating the relevant box in the table below, whether each of the following statements is correct or incorrect. Correct Incorrect Companies should

5 Identify, by indicating the relevant box in the table below,

5 Identify, by indicating the relevant box in the table below, whether each of the following statements is correct or incorrect. Correct Incorrect Companies should never change the presentation or classification of items in their financial statements, even if there is a significant change in the nature of operations. Companies should create provisions in times of company growth to be utilised in more difficult times, to smooth profits. Correct Incorrect

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