Explain Why the Notes Are an Integral Part of the Financial

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The Answer is The notes must be read in order to understand the presentation on the face of the financial statements.Key information that can be found in the notes includes a summary of the firm's accounting policies and any changes that may have been made to those policies during the reporting period.Detail about particular accounts such as inventory, property, plant and equipment, investments, long-term debt, and equity accounts can be found in the notes.Information about acquisitions, divestitures, pension and stock option plans, leases, legal proceedings, income taxes, contingencies and commitments, quarterly results of operations and operating segments can also be found in the notes.

Explain Why the Notes Are an Integral Part of the Financial

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Explain Why the Notes Are an Integral Part of the Financial

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Correct Answer:VerifiedShow Answer

Correct Answer:
Verified