What is the purpose of information presented in notes to the financial statements?

By: Answerout


Here is the solution for What is the purpose of information presented in notes to the financial statements?. The solution is given after the options.

What is the purpose of information presented in notes to the financial statements?

To provide disclosures required by generally accepted accounting principles.

To correct improper presentation in the financial statements.

To provide recognition of amounts not included in the totals of the financial statements.

To present management’s responses to auditor comments.

Correct Answer

To provide disclosures required by generally accepted accounting principles.

Explanation:

To provide disclosures required by generally accepted accounting principles. is the answer for What is the purpose of information presented in notes to the financial statements?

Conclusion:

are provided by Answerout to teach the newcomers in the Digital Marketing Industry. The answers provided are 100% correct and are solved by Professionals. We don’t and never have recommended using these answers as a cheat sheet. We keep updating our answers as the Exam Change. You can also send us an Email or Comment to notify us of any support or Changes.

comments
leave comment