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Which of the following statements is most correct? I. The bias was present on the sell-side analysts to be bullish. II. Financial reports of publicly

Which of the following statements is most correct?

I. The bias was present on the sell-side analysts to be bullish.

II. Financial reports of publicly listed firms are prepared using accrual accounting rather than cash accounting.

III. Uniform accounting standards minimize managers ability to manipulate financial statement information.

A. II only

B. III only.

C. II and III only

D. All of the above

E. None of the above

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