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Author Question: Three major areas of concern when providing financial information to the larger investing community ... (Read 361 times)

Redwolflake15

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Question 1

Larson Shoes is a British company. Which balance sheet format is most likely used by Larson?
◦ noncurrent assets + current assets - current liabilities - noncurrent liabilities = shareholders' equity
◦ assets + liabilities = shareholders' equity
◦ liabilities + shareholders' equity = assets
◦ noncurrent assets - net current assets = liabilities + capital and reserves

Question 2

Three major areas of concern when providing financial information to the larger investing community are language, currency, and the ________ on which financial statements are based.
◦ exchange rates
◦ corporate strategy
◦ underlying GAAP
◦ shareholders' equity


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Marked as best answer by Redwolflake15 on Sep 5, 2019

honnalora

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