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Although a firms bankers are willing to wait for the adjustment process to be completed before they receive financial information, they would like to receive
Although a firms bankers are willing to wait for the adjustment process to be completed before they receive financial information, they would like to receive financial reports more frequently than annually or even quarterly. What trade-offs, in terms of relevance and faithful representation, do you think are inherent in preparing financial statements for shorter accounting time periods for a firm
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