Past relationships among variables on the balance sheet and income statement are typically POOR predictors of the future

Indicate whether the statement is true or false

FALSE

Business

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Depository institutions such as banks are required to maintain a fractional reserve requirement, which allows the formal banking system to lend a multiple of the deposits held

Indicate whether the statement is true or false

Business

Which of the following does not apply to forensic reports?

A) Draw inferences if evidence is incomplete. B) Remain objective, focusing on the process and the data. C) Communicate unfamiliar language by explaining terms and scientific concepts, for example.

Business