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 74 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?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Structure of cellulose, the main macromolecule of the primary cell wall Structure of cellulose, the main macromolecule of the primary cell wall
Structure of the trachea, which extends from the larynx above to the main bronchi below. Structure of the trachea, which extends from the larynx above to the main bronchi below.
Solubility Rules Solubility Rules
In this 1921 photo of a one-room schoolhouse in Marey, West Virginia, you can see how public ... In this 1921 photo of a one-room schoolhouse in Marey, West Virginia, you can see how public ...
Memo Format and Example. Memo Format and Example.
Main lymph nodes of the arm Main lymph nodes of the arm
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library