All of the Following Are True of Financial Statement Analysis

Multiple Choice

All of the following are true of financial statement analysis reports, except:

A) Contains ambiguities and qualifications.
B) Forces preparers to organize their reasoning and to verify the logic of analysis.
C) Serves as a method of communication to users.
D) Helps users and preparers to refine conclusions based on evidence from key building blocks.
E) Enables readers to see the process and rationale of analysis.