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Which of the following is FALSE regarding standardized financial statements? Standardized financial statements allow comparison of firms in the same industry that are different in

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Which of the following is FALSE regarding standardized financial statements? Standardized financial statements allow comparison of firms in the same industry that are different in size. O Income statements are standardized by dividing all values by revenue. Balance sheets are standardized by dividing all accounts by equity. Standardized financial statements are useful to analysts both inside and outside the firm. Standardized financial statements allow for trend analysis of a firm

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