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A comparison of the financial statements of two firms in the same general industry may...

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Finance

  1. A comparison of the financial statements of two firms in the same general industry may be difficult if:

I. the firm's financial statements are prepared using different fiscal year-ends.

II. one or both firms have international operations.

III. the size of the two firms' operations are different.

a. I only

b. II and III only

c. I and III only

d. I and II only

e. I, II and III

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