The notes to the financial statements would be LEAST likely to be used for which of the following purposes?
A)to provide information regarding the context in which these financial numbers were generated
B)to disclose the financial implications of any off balance sheet transactions
C)to show how the value of assets listed in the financial statements were arrived at
D)to explain the method of accounting that was used in the preparation of the financial statements

Question

Quizplus · Accepted Answer

The Answer of The notes to the financial statements would be LEAST likely to be used for which of the following purposes?
A)to provide information regarding the context in which these financial numbers were generated
B)to disclose the financial implications of any off balance sheet transactions
C)to show how the value of assets listed in the financial statements were arrived at
D)to explain the method of accounting that was used in the preparation of the financial statements

The Notes to the Financial Statements Would Be LEAST Likely