Decision-making process in financial analysis
Explain why financial statements are important to the decision-making process in financial analysis. Also, identify and discuss some of their limitations for analysis purposes.
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Totally Accurate Accounting has 10,000 shares of common stock with a book value of $5.00. If they sell an additional 15,000 shares at $6.00. What will the book value be for Totally's common stock?
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Identify at least seven additional sources of financial reporting information (beyond financial statements) that are useful for analysis.
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