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2. Which one of the following statements is correct? a. Adjustments have to be made when comparing the income statements of firms that use different

2. Which one of the following statements is correct? a. Adjustments have to be made when comparing the income statements of firms that use different methods of accounting for inventory. b. Comparing results across geographic locations is easier since all countries now use a common set of accounting standards. c. Peer group analysis is simplified when firms use varying methods of depreciation. d. Peer group analysis is easier when seasonal firms have different fiscal years

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