Question: 1.) Explain why the notes are an integral part of the financial statements 2.) Explain why the characteristics of comparability and consistency are important in

1.) Explain why the notes are an integral part of the financial statements

2.) Explain why the characteristics of comparability and consistency are important in financial reporting

3.) Explain the differences between accounts payable, short-term debt, current maturities of long-term debt, accrued liabilities and unearned revenue.

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