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Financial statements and accurate financial statements

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What are the differences between consistent financial statements and accurate financial statements.

What is meant by the statement: "consistent financial statements are necessary but not sufficient for accurate financial statements."

What are some conditions required for financial statements to be consistent?

In a typical data set provided by a farm firm, what data is most reliable (hard) and which data is least likely to reliable (soft)?

Reference no: EM133021497

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