Question

What kind of facts does a financial statement disclose?​

Answer 1

Answer:

The disclosures can be required by generally accepted accounting principles or voluntary per management decisions. Types of disclosures include, accounting changes, accounting errors, asset retirement, insurance contract modifications, and noteworthy events.

Explanation:

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Answer 2

Answer:

The disclosures can be required by generally accepted accounting principles or voluntary per management decisions. Types of disclosures include, accounting changes, accounting errors, asset retirement, insurance contract modifications, and noteworthy events.