Which of the following represents a recent trend in financial statements?

Question

Quizplus · Accepted Answer

In recent years, there has been a trend towards including market values in balance sheets rather than strictly using historic costs. This provides a more accurate representation of the current value of assets and liabilities. Dividends have always been recorded on the cash flow statement and income statements still record depreciation expense. Statements of cash flow are still considered an important and necessary component of financial statements.

Which of the Following Represents a Recent Trend in Financial