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 60 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?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Structure of cellulose, the main macromolecule of the primary cell wall Structure of cellulose, the main macromolecule of the primary cell wall
The main events of mitosis and meiosis The main events of mitosis and meiosis
Two main types of nerve cells. Two main types of nerve cells.
Crying Frequency in the Early Months In their first months of life, infants often cry for no appare Crying Frequency in the Early Months In their first months of life, infants often cry for no appare
Identify the Main Term Identify the Main Term
Jumper cable usage guide. Follow the same connections if using a portable jump box. Jumper cable usage guide. Follow the same connections if using a portable jump box.
Video: Diversity of Living Creatures - Charles Darwin & the Beagle's Voyage

For a complete list of videos, visit our video library