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An Analysis Of The Effect Of Changing Price Levels On Financial Statements, Robert Donald Clyde
An Analysis Of The Effect Of Changing Price Levels On Financial Statements, Robert Donald Clyde
Anderson School of Management Theses & Dissertations
When prices change significantly, conventional accounting reports tend to become inaccurate and misleading. Those who use the reports are likely to be misled. Adjustments for price changes cannot readily be made by the reader of financial statements because of the limited information available to him.