Notes to the financial statements are required because the most important objective of financial reporting is to
A) provide information to the taxing authorities.
B) obtain uniformity with foreign countries.
C) provide information useful for decision-making.
D) provide information about the board of directors.

Question

Quizplus · Accepted Answer

Notes to the financial statements are required to provide information useful for decision-making. They offer essential context and additional details that help users of the financial statements understand the company's financial position, performance, and changes in financial position better, aiding in informed decision-making.

Notes to the Financial Statements Are Required Because the Most