Answer:
Financial accounting does not help to control costs since it does not provide for a system of cost control.
Explanation:
Intra-firm comparison.
Answer: B. Intra-firm comparison.
Financial statement analysis has some limitations like it is based on historical cost, ignores price level changes, is affected by personal bias, lacks precision and use of qualitative analysis.
Uses and Importance of Financial Statements
Tools of Analysis of Financial Statements
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The new partner will only bring his proportionate share of goodwill in regard to the gap between the new value and the book value if the partners determine that goodwill should continue to be recorded in the books. In this regard, all of the journal entries are identical.
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