Notes to financial statements.An article in Dun's Review made the following comments:"Every other year, say, companies should print the notes in big typeand the base figures in smaller ones."
Instructions
(a) Are notes considered as part of the financial statements and what basic purpose do they serve?
(b) What are the general types of notes?

Question

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The Answer of Notes to financial statements.An article in Dun's Review made the following comments:"Every other year, say, companies should print the notes in big typeand the base figures in smaller ones."
Instructions
(a) Are notes considered as part of the financial statements and what basic purpose do they serve?
(b) What are the general types of notes?

Notes to Financial Statements