Fast MCQ.

24. Regarding the use of financial statements in security analysis and selection, it would be most accurate to say that: A) analysts can use footnotes and Management s Discussion and Analysis to better understand as- sumptions used in the financial statements. B) analysts can verify the accuracy of financial statements by using a firm s detailed accounting sys- tem information C) further analysis of a firm s financial statements is typically not necessary if the firm has con- formed to applicable accounting principles. 25, VGH Comnany is manuf