Which of the following best describes financial reporting and financial statement analysis?… 1 answer below »

Which of the following best describes financial reporting and financial statement analysis? A) Financial reporting refers to how companies show their financial performance and financial analysis refers to using the information to make economic decisions. B) Financial reports assess a company’s past performance in order to draw conclusions about the company’s ability to generate cash and profits in the future. C) The objective of financial analysis is to provide information about the financial position of an entity that is useful to a wide range of users.

 
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