Understanding about the quality of accounting information

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1. Explain your understanding about the quality of accounting information, and how financial reporting could be differ from the economic reality?

3. Use the data of Apple.Inc. Please do the trend analysis to revenue, net income, total assets, and R&D expenses. Make comments to what you find in the trend analysis above.

4. Trend analysis income statements display each component as a percentage of a base year, while common size income statements display each item as a percentage of:

A) net income

B) gross profit

C) net sales

D) total equity

Reference no: EM132847440

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