Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is NOT an essential prerequisite to permit the successful use of financial statements for ratio analysis? The accounts should use comparable

image text in transcribed

Which of the following is NOT an essential prerequisite to permit the successful use of financial statements for ratio analysis? The accounts should use comparable accounting policies. The accounts should be drawn from similar types of organizations. The accounts should be available for several accounting periods. The accounts used should not include forecasted financial information

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

10th Edition

B010IKDQZM

More Books

Students also viewed these Accounting questions

Question

What is order of reaction? Explain with example?

Answered: 1 week ago

Question

Derive expressions for the rates of forward and reverse reactions?

Answered: 1 week ago

Question

Write an expression for half-life and explain it with a diagram.

Answered: 1 week ago