Which One of the Following Statements Is Correct

question 111

Multiple Choice

Which one of the following statements is correct?

• A)Peer group analysis is easier when a firm is a conglomerate versus when it has only a single line of business.
• B)Peer group analysis is easier when seasonal firms have different fiscal years.
• C)Peer group analysis is simplified when firms use varying methods of depreciation.
• D)Comparing results across geographic locations is easier since all countries now use a common set of accounting standards.
• E)Adjustments have to be made when comparing the income statements of firms that use different methods of accounting for inventory.

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Definitions:

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The process of estimating, beyond the original observation range, the value of a variable based on its known values.