All of the following are true of a financial statement analysis report,except:
A)Accounting standards determine which ratios are relevant and useful for the analysis.
B)The executive summary provides a brief analysis of results.
C)The analysis overview includes background on the company,its industry,and the economy.
D)Evidential matter includes ratios,trends,comparisons and all analytical measures.
E)Background on the company,its industry,and the economy is part of the analysis overview.

Question

Quizplus · Accepted Answer

Accounting standards do not determine which ratios are relevant and useful for analysis. Rather, it is up to the analyst to determine which metrics will provide the most meaningful insights into the company's financial health.

All of the Following Are True of a Financial Statement