Which of the Following Represent Problems Encountered When Comparing the Financial

question 1

Multiple Choice

Which of the following represent problems encountered when comparing the financial statements of two separate entities?
I.Either one,or both,of the firms may be conglomerates and thus have unrelated lines of business.
II.The operations of the two firms may vary geographically.
III.The firms may use differing accounting methods.
IV.The two firms may be seasonal in nature and have different fiscal year ends.

• A)I and II only
• B)II and III only
• C)I, III, and IV only
• D)I, II, and III only
• E)I, II, III, and IV

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