Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 5 - Balance Sheet and Statement of Cash Flows - Review and Practice - Questions - Page 238: 29


Notably, some of the techniques of disclosure for the balance sheet incorporate: a. Parenthetical explanations b. Notes to the Financial Statements c. Cross references and contra items d. Supporting schedules

Work Step by Step

Accounting disclosure statements show the expenses as well profits over a duration of time on an organisation thus recognizing the financial policies of a firm or rather business. Additionally, they are disclosed for both the present investors of a business and the potential investors as well. Purposely, they aim at disclosing any affair or event that had an influence on any of the financial statements.
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