The balance sheet is the cornerstone of the financial statements. The SEC has always wanted and expected

Question:

The is the cornerstone of the financial statements. The SEC has always wanted and expected more information and disclosure in the financial statements. Starting with the how could we expand on what is reported and how to disclose the information? Secondly, should we expand on what is available? Is there sufficient information already disclosed and in fact, is we possibly disclosing too much to the common reader as it is?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...