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26 September, 05:17

Users prefer management's financial statements over audited financial statements because few users have direct knowledge of the company's operations and management is the most knowledgeable about operations.

a) True

b) False

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Answers (1)
  1. 26 September, 07:53
    0
    B) false

    Explanation:

    An audited financial statement removes and detects errors, mistakes, and possible fraud on a business financial statement which makes it more accurate and therefore for useful to users
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