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The basic tools of financial analysis are the same under both GAAP and IFRS except that:
horizontal analysis cannot be done because the format of the statements is sometimes different.
analysis is different because vertical analysis cannot be done under GAAP. the current ratio
cannot be computed because current liabilities are often reported before current assets in GAAP
statements of position. None of the answer choices is correct.

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The basic tools of financial analysis are the same under both GAAP and.pdf

  • 1. The basic tools of financial analysis are the same under both GAAP and IFRS except that: horizontal analysis cannot be done because the format of the statements is sometimes different. analysis is different because vertical analysis cannot be done under GAAP. the current ratio cannot be computed because current liabilities are often reported before current assets in GAAP statements of position. None of the answer choices is correct.