Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.
- Here, there are various stocks in Edward Company which were issued in the accounting year.
Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
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