Financial Statement Disclosures
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Can you provide examples of significant information that would not necessarily be disclosed in the financial statements?
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Solution Summary
This solution provides examples of significant information that would not necessarily be disclosed in the financial statements.
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The balance sheet may show that assets have been sold but we would not know the reason why they have been sold just through the balance sheet. Oftentimes management sells old assets to get them off the balance sheet and to raise additional capital for the purchase of new assets or just for working ...
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