Financial statements are supposed to be straightforward summaries of what actually took place in a corporation, understandable by all. Right? Not quite. The balance sheet, income statement and a summary of cash flow are only summaries of the numbers. Much more detail is found (or hidden) in the footnotes to these statements.
Source: http://feedproxy.google.com/~r/MyMint/~3/JgRS83g3saI/
Tech Crunch Personal Finance News & Advice Guide To Financial Fitness Money Game
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