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Explain the meaning of the Accounting Period Assumption. Why the Accounting Period Assumption is important when analysing ratios.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2Q: Financial ratio analysis is conducted by managers, equity investors, long-term creditors, and...

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