Which of the following best describes why the notes that accompany the fi nancial statements are required?

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Which of the following best describes why the notes that accompany the fi nancial statements are required? Th e notes:

A. permit fl exibility in statement preparation.

B. standardize fi nancial reporting across companies.

C. provide information necessary to understand the fi nancial statements.

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International Financial Statement Analysis Workbook

ISBN: 9781119628095

4th Edition

Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie

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Question Posted: Mar 27, 2024 02:02 AM

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Which of the following best describes why the notes that accompany the fi nancial statements are required?

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C is correct Th e notes p...View the full answer

International Financial Statement Analysis Workbook

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