All of the following are true of a financial statement analysis report,except:
A)Contains ambiguities and qualifications.
B)Forces preparers to organize their reasoning and to verify the logic of analysis.
C)Serves as a method of communication to users.
D)Helps users and preparers to refine conclusions based on evidence from key building blocks.
E)Enables readers to see the process and rationale of analysis.

Question

Quizplus · Accepted Answer

The statement "Contains ambiguities and qualifications" is not true of a financial statement analysis report. An effective financial statement analysis report should be clear, concise, and free of ambiguities or qualifications.

All of the Following Are True of a Financial Statement