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During the 1990's, a major problem in evaluating the financial statements of Eastern European companies that had been under the control of the Soviet Union
During the 1990's, a major problem in evaluating the financial statements of Eastern European companies that had been under the control of the Soviet Union was:
that the statements had been used for government planning rather than for private investors.
that few people spoke the languages in which the financial statements were written.
that East European currencies had been greatly devalued relative to the U.S. dollar.
that financial reporting had not been done since the Bolshevik Revolution.
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