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Question 5 (3 points) Which of the following is FALSE regarding standardized financial statements? Standardized financial statements allow for trend analysis of firm. Standardized financial

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Question 5 (3 points) Which of the following is FALSE regarding standardized financial statements? Standardized financial statements allow for trend analysis of firm. Standardized financial statements are useful to analysts both inside and outside the firm. Balance sheets are standardized by dividing all accounts by total assets. Standardized financial statements allow comparison of firms in the same industry that are different in size. Income statements are standardized by dividing all values by net income

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