Question

true or false: it does not make sense for some financial statement elements (such as goodwill or long-term debt) to be reported on a minute-by-minute basis.

Answer 1

True, it doesn't make sense to publish certain financial statement components (such asset or long-term debt) minute by minute.

Financial statements: what are they and examples?

The records of a business's finances and operations over a specific time period are called financial statements. Financial statements display a company's financial health and success. The cash flow, cash flows, and the cash flow statement are the three primary financial statements.

Financial statements? What do you mean?

Income accounts are a collection of records that demonstrate the financial standing of your business at a given period. They provide important information regarding the assets and debts of a business as well as its earnings and expenses.

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