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Critically evaluate the pros and cons of the following statements: Financial statements are useless because they are incomplete. Not all assets or liabilities are included.
Critically evaluate the pros and cons of the following statements:
Financial statements are useless because they are incomplete. Not all assets or liabilities are included.
Pros:
Cons:
Financial statements are useless because they present assets at their historical costs rather than at their fair market values.
Pros:
Cons:
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