Which of the following represents a form of communication through financial reporting but not through financial statements?
A) Balance sheet.
B) President's letter.
C) Income statement.
D) Notes to financial statements.

Question

Quizplus · Accepted Answer

The President's letter, also known as the Management Discussion and Analysis (MD&A), is a form of communication through financial reporting but not through financial statements. It provides management's perspective on the company's financial performance, including key trends, challenges, and future prospects. The balance sheet, income statement, and notes to financial statements are all examples of financial statements.

Which of the Following Represents a Form of Communication Through