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Posted on Sep 29, 2024

Why is external comparison of financial performance between firms not always possible by directly comparing financial statements? Most firms do not report their financial data

Why is external comparison of financial performance between firms not always possible by

directly comparing financial statements?

Most firms do not report their financial data publicly

Firms may vary in size or report in different currencies

External comparisons are only useful for small businesses

Different firms report profits in different ways

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