Kate Payne was reading the business plan for New Venture Fitness Drinks, and noticed that prior to its financial statements, New Venture Fitness Drinks placed an explanation of the sources of the numbers for the statements and the assumptions used to generate them. This explanation is called a(n) ________.

Business · High School · Sun Jan 24 2021

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The explanation of the sources of the numbers for financial statements and the assumptions used to generate them is typically called a "footnote" or "notes to the financial statements." These notes provide additional information and context to help readers understand the basis for the financial figures presented in the statements.

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