Government is not interested in analysis of financial statement. (State True or False)
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FALSE IS THE ANSWER
FALSE IS THE ANSWER
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Answer:
No, the given statement is false as the government is interested in the analysis of financial statements.
Explanation:
The reason being that the financial statements are used by the government in order to study the profit margins and also the trends to provide concessions or subsidies for to withdraw and also to increase or decrease excise and other duties.
Analysis of financial statement is important for better economic decisions to be taken in future.
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