What is the first step in an analysis of financial statements? (a) Check the auditors report. (b)

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What is the first step in an analysis of financial statements?

(a) Check the auditor’s report.

(b) Check references containing financial information.

(c) Specify the objectives of the analysis.

(d) Do a common-size analysis.

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Understanding Financial Statements

ISBN: 9780138114404

12th Edition

Authors: Lyn Fraser, Aileen Ormiston

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