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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 5
Identify which standard of comparison, ( a ) intracompany, ( b ) competitor, ( c ) industry, or ( d ) guidelines, is best described by each of the following.
________ 1. Is often viewed as the best standard of comparison.
________ 2. Rules of thumb developed from past experiences.
________ 3. Provides analysis based on a company's prior performance.
________ 4. Compares a company against industry statistics.
________ 1. Is often viewed as the best standard of comparison.
________ 2. Rules of thumb developed from past experiences.
________ 3. Provides analysis based on a company's prior performance.
________ 4. Compares a company against industry statistics.
Explanation
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1.
is viewed as favorable norm for co...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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