Information on the accounting policies, procedures, calculations, and transactions underlying entries in the financial statements can be found on ________.
A) the notes to the financial statements
B) the statement of retained earnings
C) the proxy statement
D) the management discussion and analysis(MD&A)

Question

Quizplus · Accepted Answer

The notes to the financial statements provide specific details about accounting policies, procedures, calculations, and transactions that are used to prepare the financial statements. The statement of retained earnings only shows changes in retained earnings over time, and the proxy statement and management discussion and analysis provide other types of information but not specifically on accounting policies and procedures.

Information on the Accounting Policies, Procedures, Calculations, and Transactions Underlying