A characteristic common to banks, utilities, and transportation is that: a. Presentation of balance...
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Accounting
A characteristic common to banks, utilities, and transportation is that:
a. Presentation of balance sheet accounts are in order of liquidity b. None are subject to the rules of the FASB c.None of the traditional financial ratios apply to these industries d. All maintain separate sections for debt and equity on the balance sheet e. Each has a uniform system of accounts established by a federal regulatory agency
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