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Companies Typically Present Their Financial Statements _______

Question 118

Multiple Choice

Companies typically present their financial statements _______.


A) to show the most recent year only
B) in comparative form, which means showing two consecutive years of balance sheets and three consecutive years of the income statement, statement of cash flows, and statement of stockholders' equity
C) in standard form, which means showing three consecutive years of balance sheets and three consecutive years of the income statement, statement of cash flows, and statement of stockholders' equity
D) only to those entities who have expressed an interest in scrutinizing them

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