finance31+++original+++A - 92575

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Price: $20.00
  • From: Business, Finance
  • Posted on: Fri 31 Jul, 2015
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Request Description
1. Which of the following is a reason for the initial need for financial statements? a. As lending became more complex, physical inspection of assets was not always possible. b. No investments were made on a share-of-profits basis. c. Factory owners did not need reports to see how effectively their enterprises were being run. d. All of the above statements are true. 2. Which of the following statements are correct. a. Undoubtedly, the quantitative financial statements are the most important part of the annual report. b. Undoubtedly, the verbal materials in the annual report are the most important part of the annual report. c. The quantitative and verbal materials in the annual report are equally important...
Solution Description

1.  Which of the following is a reason for the initial need for financial statements?

a. As lending became more

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finance31.docx