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When comparing financial performance with industry, all of the following are considered limitations except: A. Disparity in operations between companies may affect comparability. B. Companies

When comparing financial performance with industry, all of the following are considered limitations except:

A. Disparity in operations between companies may affect comparability.

B. Companies are identical in operations.

C. Companies may not use same accounting procedures.

D. Diversified companies may operate in more than one industry.

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