Indicate Whether Each of the Following Statements Is True or False

Short Answer

Indicate whether each of the following statements is true or false.
_____ a)Financial statement ratios permit comparisons over time and among different companies.
_____ b)Knowledge of financial statement analysis techniques is useful to stockholders and creditors but not to the managers of a business.
_____ c)The primary objective of accounting is to provide information that is stable over time.
_____ d)Current accounting principles indicate that financial statements should be prepared to meet information needs of those who have a reasonably informed knowledge of business.
_____ e)Financial statements are aimed at the information needs of stockholders only.