Which of the following is true about the format of financial statements?
A) A double underline is drawn below the subtotal for total liabilities on the balance sheet.
B) Dollar signs are omitted if the heading states that amounts are reported in U.S.dollars.
C) Dividends are reported in parentheses on the statement of retained earnings.
D) The heading of each financial statement indicates who,when,and what in that particular order.
Correct Answer:
Verified
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A)investors.
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C)management.
D)regulatory authorities.
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