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ningful 2. are not factored in the analysis of revenues 3. depend on the trend of a dingle industry

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following is most likely true concerning the stability and trend of earnings?

1. require at leaset 5 years of historical data to be meaningful

2. are not factored in the analysis of revenues

3. depend on the trend of a dingle industry

4. are key factors when calculating cost of sales

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