Which one of the following statements is correct?
A) Book values should always be given precedence over market values.
B) Financial statements are frequently the basis used for performance evaluations.
C) Historical information has no value when predicting the future.
D) Potential lenders place little value on financial statement information.
E) Reviewing financial information over time has very limited value.

Question

Quizplus · Accepted Answer

Financial statements are crucial for evaluating a company's performance, as they provide a comprehensive overview of its financial health and operations over a specific period. This information is valuable for decision-making by management, investors, and other stakeholders.

Which One of the Following Statements Is Correct