Question: a) There are different rules for different investments. Would it not be easier if there were just one way to record investments? What is the

a) There are different rules for different investments. Would it not be easier if there were just one way to record investments? What is the value-added by the separation if you were the manager reviewing the financial statements? Is there an ethical implication to this evaluation?

b) The CEO of the company asks the question: Is vertical or horizontal analysis better? How do you respond? Which ratios would you identify as the top three that would supplement the analysis? Is there an ethical reasoning that supports your choices?

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