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Why are the dates on financial statements important

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Q: Why are dates important on financial statements?
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Why do consolidated financial statements become increasingly important when the purchase differential is very large?

why consolidated financial statements become increasingly important when purchase differential is very large?


Why are accounting standards important for the preparation of financial statements?

For comparability.


What is the most common and important financial statements?

Following are the most common and important financial statements: 1 - Income statement 2 - Balance sheet 3 - Cash flow statement


What are the two important financial statements produce by accounting?

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How might changing one of the financial statements affect the other financial statements?


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Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du


What are the limitations of management?

Financial Statements Are Derived from Historical Costs. ... Financial Statements Are Not Adjusted for Inflation. ... Financial Statements Do Not Contain Some Intangible Assets. ... Financial Statements Only Cover a Specific Period of Time. ... Financial Statements May Not Be Comparable. ... Financial Statements Could be Wrong Du


important of accounting information to shareholders?

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Accounting standards ensures that financial statements are prepared whereever in the world is same and information provided on it is comaprable and readable for all kind of users.


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