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1. a) What are some of the reasons that the financial statements will not reflect a fair picture of the companys financial performance? (b)Under what

1. a) What are some of the reasons that the financial statements will not reflect a fair picture of the companys financial performance?

(b)Under what circumstances are investors interested in multi-year projections?

2. a) Identify and explain what would make an intense analysis of financial statements superfluous.

(b) Why should users of financial statements provide themselves with an additional layer of protection through the scrutiny of the numbers?

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