Why does GAAP require more than one financial statement?

Answer U.S. Generally Accepted Accounting Principles (U.S. GAAP) requires four financial statements for businesses. All four are required in order for investors to gain an understanding of a company's cur... Read More »

Top Q&A For: Why does GAAP require more than one financial s...

Does GAAP require public companies to include notes to their financial statements?

Under GAAP, companies are required to provide notes that explain the methodology and contents of the major financial statements. Notes are not required in theory, but the Financial Accounting Stand... Read More »

Can a thesis statement be more than one sentence?

On One Hand: Purpose is FocusA thesis statement provides the central idea for a piece of writing. It should be a specific road map for the reader, drawing them into the paper without giving too mu... Read More »

Does matte photo paper require more ink than glossy photo paper?

Glossy photo paper actually uses slightly more ink than matte alternatives, according to Epson. Matte photo paper itself includes multiple varieties that consume ink at different rates. Some printe... Read More »

Are you able to take out more federal financial aid as a senior than as a junior in college?

Federal Stafford Loan limits are the same for juniors and seniors in college, while Pell Grant limits remain the same no matter what year you are in. Financial aid is based on a number of factors;... Read More »