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9) Investors and analysts must have certain capabilities regarding financial reporting which include: a) an understanding of current financial reporting standards. b) recognition that management
9) Investors and analysts must have certain capabilities regarding financial reporting which include: a) an understanding of current financial reporting standards. b) recognition that management selects the financial reporting standards used. c) an ability to recognize that financial statement information reported is grounded in judgment as well as facts. d) all of these answer choices are correct
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