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trea48 trea48
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4 years ago
Which of the following is the main lesson that analysts and investors should take from the cases of Enron and WorldCom?

▸ It is not possible to effectively evaluate a company unless all the financial statements are fully and correctly prepared.

▸ Readers of even fraudulent financial statements can spot signs of a firm's financial health if those statements are read fully and with care.

▸ The usefulness of financial statements to investors is entirely dependent on the ethics of those constructing them.

▸ The information in financial statements should be viewed extremely critically.
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
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qwer34qwer34
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4 years ago
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