Why are the notes significant for understanding an

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1. Why are the notes significant for understanding an organization's financial statement?

2. What types of policies are typically disclosed in the first note that accompanies financial statements? Give several specific examples.

3. What are some types of additional disclosure you might see in the notes?

4. If an organization is being sued, what, if anything, must be disclosed in the notes?

Reference no: EM13387487

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