Question: #7719

finance31+++original

1.  Which of the following is a reason for the initial need for financial statements?

a. As lending became more complex, physical inspection of assets was not always possible.

b. No investments were made on a share-of-profits basis.

c. Factory owners did not need reports to see how effectively their enterprises were being run.

d. All of the above statements are true.???

Solution: #7728

finance31 Complete Solution

1. Which of the following is a reason for the initial need for financial statements? a. As l...
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