Question

Which of the following statements is most correct? Most balance sheets include balances that cover at...

Which of the following statements is most correct?

Most balance sheets include balances that cover at least two periods.

Financial statement analysis can provide additional information that might not be seen by looking at the financial statements themselves.

Financial statement analysis can be utilized by many different parties to analyze business transactions.

All listed items are correct.
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Answer #2

Financial statement analysis can be utilised by many different parties to analyse business transactions is the most correct statement.

Balance sheet involves a statement that depicts financial position and is prepared for a specific time period and not for two periods.

Looking at the financial statements we can do financial statement analysis.

The analysis of financial statement is utilized by its various users like shareholders,creditors,customers,debtors etc.It communicates to these parties about the company's financial position.

answered by: anonymous
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