Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 51

Corporate annual reports do not ordinarily include

a. a transmittal letter from the president or chairman of the board of directors.

b. financial statements for the most recent year.

c. explanatory notes and comments about the financial statements.

d. the internal auditor’s report and opinion about the financial statements.

e. a historical summary of selected financial data for the past five years or more.