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Author Question: What is the main reason that it is necessary for public companies to follow the rules and format set ... (Read 41 times)

EY67

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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
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Marked as best answer by EY67 on Jul 9, 2019

LegendaryAnswers

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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.
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EY67

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Reply #2 on: Jul 9, 2019
Thank you!


LegendaryAnswers

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Reply #3 on: Jul 9, 2019
Always glad to help...


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