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Unexplained changes are common in financial statements true or false

Unexplained changes are common in financial statements true or false

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Explanation: Unexplained changes are uncommon in financial statements For example, very few customers pay in cash. Payments are usually made by check. Hence, usually revenues do not show a boost without a parallel boost In accounts receivable. Likewise,   an increase in revenue should be paralleled by an increase in cost of goods. Bottom line, in all these cases sudden unexplained  changes should be investigated.

Hence the given statement is false.

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