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The most effective way to use an income statement is to: A. Compare it to income statements for prior periods. B. Examine income statements for
The most effective way to use an income statement is to:
A. | Compare it to income statements for prior periods. | |
B. | Examine income statements for competitors. | |
C. | Find industry benchmarks for similar firms. | |
D. | Look and see how close it matches the forecast or budget. | |
E. | All answers are correct. |
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