As used in accounting, the "Notes to the Financial Statements" should be
A)shown at the bottom of the Income Statement.
B)excluded, as they are not an integral part of the financial statements.
C)included as an integral part of the financial statements.
D)considered an optional part of the financial statements.

Question

Quizplus · Accepted Answer

The Notes to the Financial Statements should be included as an integral part of the financial statements. They provide important information that helps users of the financial statements understand the company's financial position, performance, and cash flows. They also provide additional details regarding accounting policies, contingencies, and other relevant information that may impact the company's financial health.

As Used in Accounting, the "Notes to the Financial Statements