Which of the following represent problems encountered when comparing the financial statements of two separate entities?

I. Either one or both of the firms may be conglomerates and thus have unrelated lines of business.

II. The operations of the two firms may vary geographically.

III. The firms may use different acceptable accounting methods.

III. The two firms may be seasonal in nature and have different year ends.

		I and II only
		II and III only
		I, III and IV only
		I, II and III only
		I, II, III and IV