Which of the Following Is Incorrect? When Using the 10-Q

question 62

Multiple Choice

Which of the following is incorrect? When using the 10-Q, the analyst should be aware that the usefulness of the quarterly financial statements might be affected by:

• A)seasonality.
• B)adjustments made in the final quarter of the year.
• C)the use of cash accounting.
• D)the increased use of estimates.

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