Characteristic common to banks-utilites

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Reference no: EM131214295

A characteristic common to banks, utilites, and transportation is that:

a. each has a uniform system of accounts established by a federal regulatory agency

b. Presentation of balance sheet accounts are in order or liquidity

c. None are subject to rules of the FASB

d. All maintain seperate sections for debt and equity on the balance sheet

e. None of the traditional financial ratios apple to these industries

Reference no: EM131214295

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