Why are the notes to the financial statements an integral part of the financial statements?

and additional detail for transactions reported on the four main financial statements. For example, a company will disclose its depreciation policy for long$-$lived assets in its financial statement footnotes. A

company could also provide additional disclosures on the historical cost and accumulated depreciation by significant types of assets. Notes to the financial statements are typically extensive.

company could also provide details of various operating expenses reported on the income statement Notes to the financial statements are typically extensive.

the historical cost and accumulated depreciation by significant types of assets. Notes to the financial statements are typically extensive.

D$.$ The notes $($or footnotes$)$ to the financial statements provide descriptive information regarding a company's accounting policies, management's opinions and comments, and details pertaining to assets not

found on the balance sheet For example, a company will disclose its accounts receivable aging in its financial statement footnotes. A company could also provide additional disclosures on the historical cost

and accumulated depreciation by significant types of assets. However, notes to the financial statements are typically not extensive.