-Which of the following is true when using the earnings record to appraise a sto

Question

-Which of the following is true when using the earnings record to appraise a stock for investment?

1)

2)

3)

4)

-Which of a company's three main financial statements is easiest to manipulate?

1)

2)

3)

4)

-List three ways to manipulate the income statement (income accounts) of a company?

1)

Multiples used in valuation should relate to average earnings.

2)

Be justified by indications available about the future.

3)

Cover at least five years and preferably 7-10 years (Professor L says 10+).

4)

All of the above.

Explanation / Answer

Which of the following is true when using the earnings record to appraise a stock for investment?

Answer: 2 Be justified by indications available about the future.

Which of a company's three main financial statements is easiest to manipulate?

Answer:

Below three main financial statements is easiest to manipulate:

List three ways to manipulate the income statement (income accounts) of a company?

Answer:

Below are the three ways to manipulate the income statement:

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