By creating financial statements using Generally Accepted Accounting Principles, financial managers ensure that the financial statements for their companies are comparable to other companiesâ€™ statements. In what ways may companies distinguish their performance within the context of audited financial statements?
Minimum of 100 words; due by 8:00pm EST
Junk bonds are defined as bonds which have ratings that fall below BB/Ba (S&P and Moodyâ€™s rating, respectively). Discuss why you would or would not invest in a junk bond.
Answer needs to be a minimum of 100 words