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There is greater emphasis on the detection of fraud in tests of details of cash balances because cash is highly liquid and can be easily manipulated or misappro Read more Financial Statements What analysis involves the comparison of different firms financial ratios at the same ppint in time? Asked by Anonymous The analysis that involves tthe comparison of different firms' financial ratios at the same point in time is known as "cross-sectional analysis." This Read more Financial Statements What does the income statement reveal? Asked by Anonymous The incomje statement, also known as the profit and loss statement, reveals a company's financial performance over a specific period, typically a quarter or year Read more Accounts Payable +2 How is a balance sheet iin '000 written? Asked by Anonymous A balance sheet in '000 presents financial data inn thousands of currency units, simplifying the figures for easier readability. 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