What is the correct date line for a statement of financial position?O from December 31, 2015O for the year ended December 31, 2015none of theseO for the accounting year ended December 31, 2015as at December 31, 2015Question 25Which of the following statements best describes the limitation of financial ratios.Financial ratios tell where a particular operation is or is not doing well but doesn't report why or how to improve the situation.Financial ratios tell a story and give management options for improving performance.Financial ratios are best used internally and can be misinterpreted when used by lenders or investors.None of these.O Financial ratios are difficult to calculate, change over time, and acceptable levels vary among different industries.

Answer: as at December 31st, 2015

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Business

Accounting

What is the correct date line for a statement of financial position?

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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What is the correct date line for a statement of financial position?
O from December 31, 2015
O for the year ended December 31, 2015
none of these
O for the accounting year ended December 31, 2015
as at December 31, 2015
Question 25
Which of the following statements best describes the limitation of financial ratios.
Financial ratios tell where a particular operation is or is not doing well but doesn't report why or how to improve the situation.
Financial ratios tell a story and give management options for improving performance.
Financial ratios are best used internally and can be misinterpreted when used by lenders or investors.
None of these.
O Financial ratios are difficult to calculate, change over time, and acceptable levels vary among different industries.

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