Question: what are the differences between consistent financial statements and accurate financial statements. what is meant by the statement: consistent financial statements are necessary but not

  1. what are the differences between consistent financial statements and accurate financial statements.
  2. what is meant by the statement: "consistent financial statements are necessary but not sufficient for accurate financial statements."
  3. What are some conditions required for financial statements to be consistent?
  4. In a typical data set provided by a farm firm, what data is most reliable (hard) and which data is least likely to reliable (soft)?

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