Which of the Statements Below Is FALSE

question 40

Multiple Choice

Which of the statements below is FALSE?

• A)Financial statements are a collection of historical and current activities of the company.
• B)The collection of value over time found in financial statements requires us to pay attention to how we construct financial ratios so as to glean information for analysis.
• C)All financial statements are constructed with the same accounting principles,so you can always compare different firms based solely on these statements.
• D)We want to analyze financial statements so as to compare different companies and their performance relative to our company.

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Definitions:

Freudian View

A perspective in psychology emphasizing unconscious thoughts and motivations shaping human behavior, originating from the work of Sigmund Freud.

Organization

Putting in order large amounts of data or materials.

Mind

The element of a person that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.

Super-Ego

The part of the personality in Freudian psychoanalysis that represents internalized moral standards and ideals.