Just like footnotes in some articles and books,notes to the financial statements (also known as footnotes)report extra information that is not relevant to the financial statements.
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Q97: Financing activities include borrowing and obtaining money
Q98: Cash flow from investing activities includes money
Q99: The income statement shows the assets and
Q100: A company owes $200,000 on a bank
Q101: Each item in the statement of retained
Q103: Match the category of business activity to
Q104: Prepare a balance sheet using the above
Q105: When a company goes bankrupt,assets are divided
Q106: Investors analyze the income statement to identify
Q107: Statement of retained earnings is prepared is
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