Answer
True.
Work Step by Step
Clear and comprehensible financial reports aid users in interpreting financial results and use their interpretations to make key economic and business-related resolutions.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Exercises - Page 71: E2-1e
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