Question: When might a company use a cross - reference rather than a note to disclose information? When the same account line item and value are
When might a company use a crossreference rather than a note to disclose information?
When the same account line item and value are used in two different financial statements.
When one line item on the balance sheet explains a different line item on the balance sheet.
When a subtotal in one financial statement is used to calculate the final total in another financial
statement.
When an explanation refers to both the balance sheet and the income statement.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
