Even though firms follow the accounting rules (GAAP) when presenting their financial statements it is still possible
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Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Conflicts of interest can arise between what management wants investors and creditors to see and the ...View the full answer
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Related Book For 
Understanding financial statements
ISBN: 978-0136086246
9th Edition
Authors: Lyn M. Fraser, Aileen Ormiston
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