A vertical analysis of a financial statement reveals the relationship of each statement item to its base amount, which is 100%
Indicate whether the statement is true or false
TRUE
Business
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Backdating is granting options shortly before good news causes a share price rise.
a. true b. false
Business
A CPA is concerned about a relationship with unaudited financial statements of an issuer because
A. Users may be misled regarding the degree of responsibility the CPA is accepting. B. A fee cannot be charged unless the CPA is associated with financial statements. C. Association is necessary for compliance with the requirement of due professional care. D. An audit must be performed if the CPA is in any way related to the financial statements
Business