Asked by
Octavio Ortiz
on Oct 28, 2024Verified
A decision maker who wants to understand a company's financial statements must carefully read the notes to the financial statements because these disclosures provide useful supplemental information.
Financial Statements
Formal records of the financial activities and position of a business, individual, or other entity.
Disclosures
The act of making new or secret information known, typically in a formal report.
- Appreciate the importance of financial statement notes and disclosures.
Verified Answer
FV
Learning Objectives
- Appreciate the importance of financial statement notes and disclosures.
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