2. The following statements are correct about notes in the financial statements, except: Issues that can't be included in the financial statements are presented in the form of notes in the financial statements Financial statement notes are prepared according to the full-disclosure principle The statement which is prepared with all assets and liabilities and capital to know the financial position of a business at the end of the year
2. The following statements are correct about notes in the financial statements, except: Issues that can't be included in the financial statements are presented in the form of notes in the financial statements Financial statement notes are prepared according to the full-disclosure principle The statement which is prepared with all assets and liabilities and capital to know the financial position of a business at the end of the year
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 10MC: Which of the following is the principle that a business must report any business activities that...
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2. The following statements are correct about notes in the financial statements, except:
- Issues that can't be included in the financial statements are presented in the form of notes in the financial statements
- Financial statement notes are prepared according to the full-disclosure principle
- The statement which is prepared with all assets and liabilities and capital to know the financial position of a business at the end of the year
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