Which of the following is a limitation of using commercial databases to access foreign company financial statements?
A)Information may be lost when a standard financial statement format is imposed on foreign statements.
B)Errors may occur during data entry.
C)Notes to the financial statements may not be included, or only partially included.
D)All of the above are limitations.

Question

Quizplus · Accepted Answer

All three options are limitations of using commercial databases to access foreign company financial statements. Imposing a standard financial statement format on foreign statements can lead to the loss of information, errors can occur during data entry, and notes to the financial statements may not be fully included, or even omitted altogether. Thus, D is the correct choice.

Which of the Following Is a Limitation of Using Commercial