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  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
  4. Exam
    Exam 13: Financial Statement Analysis
  5. Question
    A Limitation of Financial Statement Analysis Stems from the Discretion
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A Limitation of Financial Statement Analysis Stems from the Discretion

Question 48

Question 48

True/False

A limitation of financial statement analysis stems from the discretion of management to choose accounting procedures that cast the best light on the firm's performance.

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