This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the main reason that it is necessary for public companies to follow the rules and format set ... (Read 40 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jul 9, 2019
What is the main reason that it is necessary for public companies to follow the rules and format set out in the Generally Accepted Accounting Principles (GAAP) when creating financial statements?
◦ It is easier to find specific information in such a report if it is laid out in a clear and consistent manner.
◦ It makes it easier to compare the financial results of different firms.
◦ It ensures that information on the performance of private companies is readily available to the public.
◦ It ensures that important information is not omitted and superfluous information is not included.
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by EY67 on Jul 9, 2019

LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


EY67

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: Jul 9, 2019
Thank you!


LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 9, 2019
Always glad to help...


« previous next »
 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Four main models that describe the relationship between ecosystem function and biodiversity. Four main models that describe the relationship between ecosystem function and biodiversity.
Two main types of nerve cells. Two main types of nerve cells.
Main symptoms of AIDS Main symptoms of AIDS
Hormonal Changes in Puberty Girls and boys follow very different hormonal paths at this life stage Hormonal Changes in Puberty Girls and boys follow very different hormonal paths at this life stage
Propaganda to influence public opinion surrounds us, but most propaganda is covert, difficult to ... Propaganda to influence public opinion surrounds us, but most propaganda is covert, difficult to ...
Introducing Public Administration, 8/E Introducing Public Administration, 8/E
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library