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Question 2 (1 poin Challenges when conducting financial statement analysis include: (SELECT ALL THAT APPLY the balance sheet may not balance for a young company distortions created by seasonal factors no financial statement provides a companys accounts receivable adjusting for different accounting practices
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Answer #1

Challenges when conducting financial statement analysis include

Answer: (b) distortions created by seasonal factors and

(d) Adjusting for difference accounting practices

Reason : These two are the challenges. The balance sheet for any company, old or young will balance and accounts receivables is shown on the balance sheet. Hence the other two statements are incorrect)

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