Question: GAAP rules require disclosures related to current liabilities because: Local government uses current liability disclosures in order to assess proper taxation. The SEC requires these

GAAP rules require disclosures related to current liabilities because:
Local government uses current liability disclosures in order to assess proper taxation.
The SEC requires these disclosures to expedite audits.
Anecdotal information is required by imestors in order to make wise investment decisions.
Stakeholders need to know the detalls behind the numbers reported in the financlal statements.
GAAP rules require disclosures related to current

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