Analysts Must Always Be Vigilant About the Possibility That Accounting

question 126

True/False

Analysts must always be vigilant about the possibility that accounting distortions are present and complicate the interpretation of financial ratios,percentage relations,and trend indices.

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Definitions:

LAN

A Local Area Network is a computer network that interconnects computers within a limited area such as a residence, school, laboratory, or office building.

MAN

A Metropolitan Area Network; a network that spans a physical area larger than a LAN but smaller than a WAN, used to connect users in a geographic region.

WAN

Wide Area Network, a telecommunications network that extends over a large geographic area for the primary purpose of computer networking.

MAN

Metropolitan Area Network; a network that interconnects users with computer resources in a geographic area or region larger than that covered by a large local area network (LAN) but smaller than the area covered by a wide area network (WAN).