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Following the cash

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Question;ATC 14-1 (Pg. 686)Following the cash) In a narrative format, answer the questions posed in the case.What is meant by "presentation of financial statement information in common-size amounts rather than dollar amounts?" Why is this type of presentation sometimes more meaningful than use of actual dollar amounts?Why is trend just as important if not more important than information that pertains to only one year?

 

Paper#39175 | Written in 18-Jul-2015

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