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Which of the following is NOT a way to accurately determine the financial performance of a company? A) carefully examining one year of data B) evaluating a company's performance from year to year C) comparing a company's performance with a competing company D) comparing a company's performance with the same industry as a whole

Sagot :

Carefully examining one year of data is not a way to accurately determine the financial performance of a company. So, option (a) will be the relevant option choice.

Give a brief account on financial statements.

Financial statements serve as a formal record of a company's, an individual's, or another entity's financial activities and condition. In addition to a management discussion and analysis, they typically comprise the following four basic financial statements:

  1. The assets, liabilities, and owner equity of a business are detailed in a balance sheet, often known as a statement of financial condition.
  2. A company's income statement, also known as a profit and loss report (P&L report), statement of comprehensive income, or statement of revenue and expense, provides information on its earnings for a given time period. An enterprise's operations are detailed in a profit and loss statement. Sales and other expenses incurred within the specified time period are included in these.
  3. The equity of the company over a specified time period is reported in a statement of changes in equity, statement of equity, or statement of retained earnings.
  4. A cash flow statement details the operating, investing, and financing activities that a corporation engaged in throughout a specific time period.
  5. The other comprehensive income elements are included in a comprehensive income statement even if they are not taken into account when calculating net income.

To know more about, financial statements, visit :

https://brainly.com/question/14951563

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