Multiple Choice
Which of the following are limitations of financial analysis?
I The past is an imperfect guide to the future.
II Effects of inflation are not considered.
III Changes in accounting policies are not highlighted.
IV Use of different accounting methods across entities makes comparability difficult.
A) I, III and IV only
B) II, III and IV only
C) I and III only
D) I, II, III and IV
Correct Answer:
Verified
Correct Answer:
Verified
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