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Hatshy [7]
3 years ago
6

An investor found the following in an annual report: "The financial statements, in our opinion, present fairly the financial pos

ition, operating results, and cash flows, in conformity with accounting principles generally accepted in the United States." In which section of the annual report did the investor find this?
Business
1 answer:
Flura [38]3 years ago
8 0

Answer:

Report of the Independent Accountants

Explanation:

From the question we are informed about An investor who found the following in an annual report: "The financial statements, in our opinion, present fairly the financial position, operating results, and cash flows, in conformity with accounting principles generally accepted in the United States." The section which the annual report was fond by the investor is Report of the Independent Accountants. Independent Accountant's Report can be regarded as a report that encompass broad spectrum of work that has been carried out through an accountant of an independent firms. And this is usually carried for

charitable as well as commercial organisations in public as well as private sector.

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Less than half of fraud cases.

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DeBondt and Thaler (1985) found that the poorest-performing stocks in one time period experienced __________ performance in the
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DeBondt and Thaler carried out a study that examined stocks of 35 worst and best performing firms over a previous five-year period.The study showed that over the following three-year period, the firms that were previously performing poorly performed better than the former best performing firms, by an average of 25%.This reversal in the fortunes of stocks of firms in the following period is called the Reversal Effect.

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