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Which of the following statements is true? It is unnecessary to analyze operating expenses over which management exercises discretion A good way to improve operating
Which of the following
statements is true?
It is unnecessary to analyze
operating expenses over which
management exercises
discretion
A good way to improve
operating profit is to cut repairs
and maintenance costs as much
as possible.
Operating expenses can be
readily analyzed by preparing a
commonsize income statement.
Impairment charges do not need
to be analyzed since they are
generally a nonrecurring
expense.
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