Multinational companies (MNC) engaging in technological transfer may lead to gains elsewhere in the economy as   (i) workers trained by the MNC move to other parts of the economy. (ii) the MNC takes market share from inefficient local companies. (iii) other companies in the host county may be encouraged to use their methods.   Which are of the above statements is/are correct? Only (i) is correct Only (ii) is correct Both (i) and (iii) are correct Both (i) and (ii) are correct Only (iii) is correct

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.