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Why should investors and others be careful in interpreting partial - year reports for companies that use the natural business year for their fiscal year?
Why should investors and others be careful in interpreting partialyear reports for companies that use the natural business year for their fiscal year?
a The operations of the companies vary significantly throughout the fiscal year.
b Partialyear reports show only the highest points of a business.
c Partialyear reports show only the lowest points of a business.
d These reports are not used for the fiscal year reports.
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