What this analogy to do with financial statement analysis

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Question - William Beaver, a well-known professor of accounting at Stanford University has stated: " A temperature of 10 degrees is meaningless in isolation unless one knows whether it is being measured in Celsius or Fahrenheit scale. In a given country, a uniform temperature may be assumed." What has this analogy to do with financial statement analysis?

Reference no: EM132949000

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What this analogy to do with financial statement analysis : In a given country, a uniform temperature may be assumed." What has this analogy to do with financial statement analysis
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