Respuesta :
Prime Court Corporation may disclose its financial statements two days prior to the transfer of a significant portion of its employees from other duties to the draft annual account. Management determined that the values in previous reports did not justify investment in additional resources. Proven concept – cost-effective.
Financial statements are written reports that reflect the activities and financial position of a company. Financial statements are often audited by government agencies, auditors, companies, etc. To ensure accuracy and for tax, financial or investment purposes; Financial statements are the official records of the financial activities and condition of a company, individual, or other organization.
Relevant financial information is presented in a structured and easy-to-understand format. Perhaps the most important financial statement for most users is the income statement, which shows the company's ability to generate profits. In addition, much of the information presented in the income statement is presented in relative current US dollars to show sufficient accuracy.
Learn more about financial statements here: https://brainly.com/question/26240841
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