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What Steps Can Be Taken by an Analyst to Alleviate

Question 23

Multiple Choice

What steps can be taken by an analyst to alleviate the timeliness problem encountered in comparing financial statements between countries that have different time frames for reporting?


A) Use interim financial statements instead of annual reports.
B) Convert all financial statement items to a common year using current exchange rates.
C) Request financial statements from foreign corporations as soon as they are available.
D) Nothing can be done by the analyst do deal with this challenge.

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