Which of the Following Is an Argument Against the Publication

question 8

Multiple Choice

Which of the following is an argument against the publication of a highlights statement?

• A) Simplifies presentation of data
• B) Additional audit work
• C) A risk of unconscious bias exists
• D) Includes too many financial ratios

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Definitions:

Long-term Investment

Investments made to be held for several years or more, typically in bonds, stocks, or real estate.

Financing Activities

Transactions involving the flow of cash between a company and its owners or creditors, typically relating to equity and long-term debt.

Treasury Stock

Shares that were issued and subsequently bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Cash Collected

The total amount of money received by a company from its various activities, such as sales, services, or borrowings.