Baldwin requires students to obtain and analyze "live" financial statements from publicly-traded firms. Accounting textbooks often use uncomplicated, make believe examples that isolate specific issues to illustrate a specif...

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Baldwin requires students to obtain and analyze "live" financial statements from publicly-traded firms. Accounting textbooks often use uncomplicated, make believe examples that isolate specific issues to illustrate a specific point. The result is that students do not "learn" that "real" financial statements do not always appear as neat and tidy as those in textbook examples.

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