Before 1900, which of the following accurately describes financial reports?
A) They emphasized the need for standardized and increased corporate disclosures.
B) They were for widespread use and distribution.
C) They emphasized solvency and liquidity.
D) None of the above accurately describe financial reports pre-1900.

Question

Quizplus · Accepted Answer

Before 1900, financial reports typically focused on solvency and liquidity, as companies were more concerned with their ability to pay their debts than with providing standardized disclosures or widespread distribution of their reports.

Before 1900, Which of the Following Accurately Describes Financial Reports