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Financial statements are the accounting reports that present past performance information as a snapshot of the firm's assets periodically usually quarterly and annually. Stockholders analyze
Financial statements are the accounting reports that present past performance information as a snapshot of the firm's assets periodically usually quarterly and annually. Stockholders analyze the financial statement to know the firms' profitability and its ability to make dividend payments in the future. Why is the manipulation of financial statements not only unethical and illegal, but also bad for stockholders?
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