What types of information cannot be found in the financial statements?
A) Details about officer and employee retirement, pension, and stock option plans.
B) Pending legal proceedings.
C) Reputation of the firm, morale of employees and prestige in the community.
D) Disclosures about segments of an enterprise.

Question

Quizplus · Accepted Answer

Financial statements primarily focus on financial information and do not capture intangible elements such as the reputation of the firm, morale of employees, and prestige in the community.

What Types of Information Cannot Be Found in the Financial