Question

Finacial satement are estimated facts. False ya true hair

Answer 1

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MAJOR FINANCIAL STATEMENTS. ... Items currently reported in financial statements are measured by different attributes (for example, historical cost, current cost, current market value, net reliable value, and present value of future cash flows). Historical cost is the traditional means of presenting assets and liabilities.

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Answer 2

Answer:

Explanation:

There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time