Management is also required to disclose any ________,which are transactions or arrangements that can have a material impact on the firms future performance yet to do not appear on the ________.
A) earnings per share; income statement
B) investment decision; statement of cash flows
C) financing decision; statement of cash flows
D) off-balance sheet transactions; balance sheet

Question

Quizplus · Accepted Answer

Off-balance sheet transactions are transactions or arrangements that are not reported on the balance sheet but can have a material impact on a firm's future performance. Management is required to disclose these transactions to provide transparency and enable stakeholders to make informed decisions. The other options listed are not relevant to the disclosure of off-balance sheet transactions.

Management Is Also Required to Disclose Any ________,Which Are Transactions