题目内容

Common size financial statements are useful for comparing businesses of different sizes in the same industry at different points in time.

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In order to normalize the historical financial data of the target firm, it may be necessary to subtract large increases in and add back large decreases in non-recurring expenses from operating profits.

Improper revenue recognition is the most common form of financial reporting fraud.

Empirical evidence suggests that discounts have declined in recent years.

Shell corporations may have significant value to acquiring firms.

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