Which of the following is a limitation of using commercial databases to access foreign company financial statements?
A)Data 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 of the above limitations are applicable when using commercial databases to access foreign company financial statements. Imposing a standard financial statement format may result in the exclusion of vital data, while errors may occur as a result of data entry. Additionally, notes to the financial statements may be omitted or insufficiently included.

Which of the Following Is a Limitation of Using Commercial