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Which of the following statements is not true? (a) Notes and schedules also form part of financial statements (b) The tools of financial statement analysis include common – size statement (c) Trend analysis refers to the study of movement of figures for one year(d) The common – size statements show the relationship of various items with some common base, expressed as percentage of the common base. |
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Answer» (c) Trend analysis refers to the study of movement of figures for one year |
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